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Credit check that allows Landlord to set the Application Fee?
I'm searching for a new credit check solution, and hoping someone who has already waded through the myriad options has found the same thing I'm looking for.Cozy.co offers soft pulls, but no way to collect an applicati...
Eric Jones
Post CD and not bribing 20% down
I recently bought a home and the seller brought credits to the table. This was a 20% down second home and the credits ended up making it so I did not need to bring the full 20% down to the table. However, the bank did...
Melinda Vaughn
Mortgage company that allows the equity as part of down Payment?
Hello,
I have a lease with purchase option on a house that now has an addItIonal 20% equity from the agreed upon purchase price. Does anyone know a mortgage company that allows the equity to be used as part/all of th...
Herm M.
Question about qualifying for an investment property.
Let's say a person makes 11k a month and his/her monthly credit obligations add up to 5k monthly (this includes three mortgages). This person is essentially tapped out as far as debit:income goes. This person wants to...
Jon Fletcher
New York Historic Preservation Tax Credit
Am I the only one confused by New York State's Historic Tax Credit? According to the website for 'Parks, Recreation & Historic Preservation', the credit has been increased to 30% for buildings placed in service af...
Dale Miller
Is it possible to wrap closing costs into rental property
Is it possible to wrap closing costs into rental property mortgage?
Some loan estimates I've been getting requires an extra 5k plus taxes and escrow to have at closing.
25% down payment plus 8-10k additional to clo...
Jared McCullough
Should I run a LOC or just do a Refinance?
I am currently in a situation where my last refinance put me in a position where I have $10,000 in leftover capital and was able to purchase (3) properties in cash (i.e. that I plan to borrow against for future acquis...
Thomas W.
Has anyone used HELOC as a down payment for investment property?
I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
Raymond Hunce
Business Lines of Credit Fees
Hello BP Community,My partner and I just set up our LLC and business bank account to invest in real estate in Maryland (Baltimore and Harford counties). We have no investments yet nor have we conducted any other opera...
Ryan L Grinstead
Standards for your tenants. What are your minimums?
What are the minimum standards you set for tenants applying for your rental properties? Obviously following fare housing laws. For my area it is a lower income area. Not the best part of town.