Vidal Gonzales
Working with Lenders
30 August 2022 | 3 replies
.- Credit - This is your credit history and represented through a score.
Brooke B.
How do I figure out how much I need for a househack?
1 October 2022 | 4 replies
Currently only have 12k in savings...but I do have a credit score of 744.
Carlos Martinez
First Pre-Approval request and hard credit inquiry impact.
23 September 2022 | 13 replies
@Carlos Martinez- 1) if you have no property yet and are trying to get pre approved - and trying to decide on a lender to use for this - you DO NOT need to have the credit pulled yet 2) contact whatever lenders you want on the same day and provide the same criteria ( price / loan amt / credit score/ loan program ) and ask for quotes from them and any other questions you have 3) if any are not willing or able to provide quotes - take them off your list 4) make a decsion on one lender from the feedback received and proceed with the one lender for the formal pre approval and have them pull the formal tro merge credit report and provide them with all your data ( paystubs / bank statements / w2s etc ....) 5) once pre approved - begin to aggresively house hunt 6) when a property is found and you get into contract - you can cost compare the lender you are pre approved with with any other lender and make final decision to proceed with rate lock with the lender you choose
Wil Townsend
Property Management outside of my area needed
28 December 2022 | 4 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
Brian Madigan
Recent 12 unit acquired in Tucson
2 November 2021 | 4 replies
Robert Motz of Pima Federal Credit Union was our lender.
Anna Dyal
Need a personal loan for $50,000
27 December 2022 | 4 replies
Get a FREE EIN and get tradelines and move all credit to business credit cards/lines/loans that DO NOT report to personal credit to boost your scores!
Greg Bates
Fourth real estate purchase
27 December 2022 | 1 reply
Local Credit union has loan product specific to small multifamily investments. 20% down, 5/1 ARM at 3% amortized over 25 years, balloon payment after 10 years.
Swaga Deb
Debt to Income Ration Problems?
27 December 2022 | 11 replies
You could look into pursuing a dscr loan - this type of loan is perfect for a rental property as it uses rental revenue along with your credit score to qualify.
Lloyd Hassell
Use multiple HELOC's for downpayment on $1.2 million multi-family
26 December 2022 | 1 reply
For a 1.2MM Primary you should only need 5-10% down based on credit scores.
Chad Day
Financing an 8 Unit Apartment Building
27 July 2019 | 7 replies
I have a 750+ credit score, solid income history, low DTI.