Mary Jay
Do you rent to people with bad credit?
26 June 2024 | 17 replies
For most people high debt will eliminate a high credit score (wealthiest excluded).3) FICO takes into account credit obligations that were not satisfied (I.e. are in default). 4) the entire purpose of FICO is to use an algorithm to determine likelihood that the person will pay future debt obligations.5) a good FICO provides the potential stick used to collect moneys owed.
Aaron Dubois
Trying to replace my mom's income with short term rental income.
26 June 2024 | 33 replies
My mom had a stroke in April which has eliminated any possibility of her ever returning to her extremely stressful 7 job.
James Samsing
Energy Efficient Mortgages
25 June 2024 | 3 replies
If it works it would eliminate most appraisal gap concerns and I would earn extra margin on the post-closing repairs.
Julie Timm
Tax implications on a 1031 exchange that you gifted but then became a mtg coborrower
25 June 2024 | 2 replies
Like @Bill B. said, the way to eliminate the taxes is for him to stay on title (as long as he has also been reporting the property on his taxes) until he passes away.
Matt Wood
LA Garage Conversion - ADU/guest house/extra room and AirBnB?
25 June 2024 | 6 replies
Trying to eliminate surprises.
AJ Wong
How to finance multifamily 5-8 units without income: Common terms and guidelines
24 June 2024 | 4 replies
Pre Payment penalties are standard of 3-5 years, and can usually be eliminated completely for an increase in the interest rate of 1.5-2%+/-.
Giles D.
Syndication deals gone sour and the GP is now radio silent! What can I do?
28 June 2024 | 100 replies
This question eliminates probably 99% of deals I look at.
Marc Shin
Anyone have experience with doing a rehab on a long distance property?
25 June 2024 | 20 replies
You can still make a profit and eliminate a lot of the risks of not being there because you will have a partner with boots on the ground.
Edward Condon
Respectful Inquiry to the Admins
23 June 2024 | 10 replies
Throwing tax sale posts into a large private lending forum would basically eliminate any tax sale posts on this site.
Derek Morrison
Do I have to show my property to everyone?
23 June 2024 | 7 replies
I have all prospects text the answers to a list of questions (this typically eliminates 80/90% of prospects).