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19 February 2025 | 32 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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11 February 2025 | 7 replies
Just as a comparison for using greater Cincinnati credit union they have at top tier credit score 6-7% on 7-12 year fixed rate loans, 9.5 on variable loans and 5.25-6% on 10-30 year loans.
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6 February 2025 | 2 replies
Credit pulls for the same type of loan within a short window (usually 14-45 days) are treated as one inquiry, so your score should be fine.
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26 January 2025 | 3 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 February 2025 | 11 replies
Hey Patrick, Do you have a US credit score or do you have credit in Canada?
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3 February 2025 | 12 replies
Depending on the state, up to 80% LTV is possible.
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19 February 2025 | 2 replies
Well, you just scored!
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6 February 2025 | 11 replies
When I told the prospective tenant application was denied due to poor credit score and too many derogatory marks on credit score, she said her information had been compromised and is willing to show police reports.
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19 February 2025 | 17 replies
Quote from @Aj Green: Hey,(Posting again as I sign today so it is urgent)Is there any cheaper lender than a 6.75% for an Ohio investment property.No brokers fees, 110k, no points, 760+ credit score, 20% down, 140k value, no realtors, single family, rent covers mortgage, 30 year term fixed.Thanks for the help!
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20 February 2025 | 8 replies
If you provide your credit score, purchase price, estimated down payment, property type, occupancy type and desired term, then most lenders should be able to provide you with their current interest rate, any associated points or lender credits for the rate provided, and their total origination fees.