Garrett M.
How does Seller financed land contract affect debt to income?
22 September 2015 | 1 reply
Does the debt my business owes show up on my personal credit history?
Jon Martin
Newbie from Calgary, Alberta
26 September 2015 | 10 replies
Long-term I'd like to get into multi-family units outside of Calgary (crazy expensive), maybe the USA, likely back in eastern Canada where things are much cheaper.Joined bigger pockets because for someone with a rental property I really don't know as much as I should; and I'd like to learn how to grow our portfolio.
Trevor Fritz
Tax problems with newly bought property
24 September 2015 | 12 replies
You should do some research into the history of the property.
Garth Fritel
Newbie investor in Eastern Washington
25 September 2015 | 14 replies
I am happy to help, and have been wanting a rental in Eastern WA for a while.
Greg Bahler
New Member from Madison, WI
5 October 2015 | 12 replies
I feel my work history will help me with my real estate endeavors.
Account Closed
Refinancing using LLC
22 September 2015 | 1 reply
My first idea is to get a sponsor because i do not have the credit, history & etc, for the bank loan for the maximum LTV and will be under a LLC which will have a number of different investors.My second idea is to get one of the LLC's Partner (Maybe different from the sponsor) to refinance getting the maximum LTV for the purpose of cash-out to paid back the investors and used the extra for purchasing more properties.
Alex Brillantes
I tried using OPIUM to buy a townhome, bank says maybe
24 September 2015 | 7 replies
You appear to be paying 93% of retail value.Finally, you're making another critical mistake -- you're entering into a business transaction with family -- even when you know that family member has a poor bill paying history.
Paul Stout
How Do you Determine Security Deposits
24 September 2015 | 12 replies
Generally required information may include: Applicant on-time for showing appointment Positive Government Issued ID Fully completed application for every occupant 18 years and older Applicant(s) able to pay complete deposit and rent deposit at time of lease signing Proof of adequate income which could include any of the following: Most recent paycheck stub Tax return copies for self-employed applicants Copies of deposit slips, investment earnings documents or Social Security earnings for retired applicants Any additional sources of income, ie child or spousal support, trust fund incomeIncome, Credit and Employment information required may include: Proof of verifiable employment and / or verifiable source of income Adequate gross income to rent ratio (2.5 to 3 times income to rent) No excessive debt which may impact applicant(s) ability to pay rent Good credit history free of negative credit issues which may indicate an applicant is high-risk and / or indicates a patternof payment delinquencyCourt Records: History of criminal activity (arrests and / or convictions by any occupant, adult or minor) which could negatively affect tenancyRental history information required may include: If applicant has prior rental experience, good references from prior landlord(s) No prior evictions on applicant(s) recordState dependent:ADVERSE ACTION NOTICE REQUIRED WHEN DENYING OR OFFERING CONDITIONAL TENANCY TO APPLICANTNote: In the event an applicant is denied tenancy, or any other form of adverse action is taken against the applicant including requiring an additional deposit, a qualified guarantor, last month’s rent, or increased monthly rent, the landlord is required to provide an Adverse ActionNotice.
Andrew P.
Mortgage and LLC
24 September 2015 | 21 replies
Your results may vary as I have a pretty good relationship with my bank at this point (having done 10 loans and have over 5 years of on-time payment history).
Debo Ijiwola
how to determine a good neighborhood to invest in
1 October 2015 | 17 replies
CPS in general does not have a good history :(Also, I'm realizing that my budget needs to go up.