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29 January 2020 | 11 replies
There’s one in California called Patch of Land, which has a 30 year loan that’s based only on the LTV, your credit score and your rent roll.
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29 January 2020 | 1 reply
I would not try to use your real estate investment strategy as your 'improve your credit score' strategy.
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11 February 2020 | 21 replies
The more i think about it, my alma mater is growing steadily over the past 5 years, there is a constant inflow of tenants, and real estate prices appear to be incredibly reasonable.
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1 February 2020 | 16 replies
Do you have no credit score, bad credit score, good credit score but not high enough limits or income to purchase the property?
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29 February 2020 | 35 replies
I met some amazing people who had some incredible stories and shared really valuable insight and experiences (...I'm part of a mastermind from some of the connections I made), variety of speakers (ALL the heavy hitters were there!)
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11 February 2020 | 7 replies
By using simple criteria, like making sure they make 3x your asking rent, reasonable credit score, no evictions in past 2 years, etc., you can do the tenant screening yourself also.
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29 January 2020 | 4 replies
They should be willing to go to a max. debt ratio of 56.9% and can underwrite down to a 580 credit score.
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2 February 2020 | 18 replies
You should have a window of time to shop now though without damaging your credit score.
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29 January 2020 | 2 replies
@AJ SmithFHA is a govt backed program intended to promote home ownership for lower income and people w/ bad credit.Pros: slightly lower down payment, can qualify with lower credit score, generally better ratesCons: PMI forever, longer closing (45 days usually), may require small things like a broken window to be fixed for the bank to move forward with the loanConventionalPros: PMI only until LTV reaches roughly 80% (I think it's 78%?)
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29 January 2020 | 6 replies
You have a few options to fill the gaps in that knowledge.1. team up with a great contractor, who you can trust to not only do great work at a good price, but to teach you as they go.2. attain this knowledge yourself, reading, getting multiple bids and comparing (always a good idea, even for #1 above) - @J Scott's book on Estimating rehabs is incredible, and goes in detail on basement to roof and everything inbetween!