If they have a lower credit score or there are other flags than we charge them last months rent also.

However we do require a 660 score, 20% down, 3 month reserves.Let me know if you'd like to talk about any options.ThanksCraig

You'll, both be required to have a minimum score of 660.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

It tells you the livability score for each zip code / neighborhood. https://www.areavibes.com/

Although the "free version" provides a ton on useful information, the "premium/ paid-for version" seems to provide wider variety of helpful tools and features that further streamline the RE research process.

But it all really depends on LTV, credit score, and a handful of other factors.

We have loan options tailored for new investors, so experience isn't a barrier.Flexible credit requirements: Even if your credit score isn’t at the highest tier, we have different loan tiers that can accommodate various credit ranges.We can also work with you to ensure the loan structure matches your timeline and project goals, enabling you to start, complete, and sell the property with confidence.I'd be happy to discuss more about how we can assist with your project.