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2 October 2020 | 5 replies
I'm leaning towards class C but I was curious about what kind of tenants I would be dealing with and how difficult it is to find tenants in areas that are a bit higher in crime but not completely terrible.
3 September 2018 | 2 replies
If there is financing on the property it is their credit that is at risk, if there is no financing it is still their free & clear property that is at risk.
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15 June 2018 | 2 replies
(roommates ugh) My mom cosigned and I promised to refinance her off of the mortgage to free up her credit before moving on to other properties, so that is my next step.
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15 June 2018 | 2 replies
I heard on one of the podcasts that there's some sort of line of credit...not sure if this is for all commercial banks, and if so, maybe then it would probably be best for investors to go with the commercial loan?
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15 June 2018 | 1 reply
At that point, they give you credit for 75% of the rents to account for vacancy and capex.
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15 June 2018 | 1 reply
My personal credit score is over 720 and I'm trying to find hard money lenders that can fund the buying and the rehab work of some properties.
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30 June 2018 | 18 replies
Can you imagine not paying your credit card and they never call you?
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27 June 2018 | 9 replies
The other methods being personal loans and credit cards.
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25 July 2018 | 5 replies
Kyle - if you want to determine if conventional financing is possible for you at this time ...I would recommend connecting with a loan person to get a formal pre approval in place for any scenario you care to work with ...this process is free and help analyze credit / asset/ income / employment and if you aren't able to get pre approved at this time - you can then be aware of any facet you will need to work on ….thanks
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16 June 2018 | 3 replies
., minor or major, you can decide whether that is worth the trouble.I would request the rental application from the tenant, the lease, and the credit report, which are standard requirements.Those info would also allow me to check out how they manage the rental tenant screening process and what kind of tenant is in the house.