Preeti Sampath
Refinancing a Cash-Buy Investment Rental Property
Wohoo! I bought my first property! Now I am working on getting a cash-out refinancing to secure a fixed 30 year mortgage. I know most banks only offer 75% LTV. I am wondering if anyone can offer me ideas of how I can ...
Dedric Polite
Best Credit Repair Program / Service
Hi BP!My business partner is "credit challenged" (585 Credit Score), which is preventing her from qualifying for conventional financing, among other things. She wanted me to reach out to this group and get some recomm...
Dave Sandford
How did you register yours? * ITIN * LLC * EIN *
Hello brilliant BP crew.I'm just starting to invest from New Zealand and enjoying the podcasts that brought me here and reading all your informative posts :)I believe from some research before I start sourcing any pro...
Chris H.
What is this community's thoughts on cosigners?
I have a potential tenant for my rental that didn't pass credit checks.
They have asked if they can have a cosigner.
Is this something I should consider?
This is my first rental- and I ended up getting in an easy f...
Jamie Dzierwa
business credit/ d and b questions
Hello all,
So I have been building my business credit the past 6 months.I've been working with a company that assists you in building business credit, and they send me my credit report monthly. As of now, I have a pa...
Raul Flores
Tenant screening decision your point of view
GuysI have two tenants applications, not sure what to choose, the credit score is bad, lower than 600 however they some good points:The house is 5 bedrooms and 2 bathroom, two living room and two dining room. $1200 mo...
Jonathan Pflueger
Is 6.6% a competitive HELOC Rate for the Bay Area
BP, After doing some of my own research I am curious to see what others in the Bay Area are getting offered in terms of HELOC rates. I was just offered a 6.6% variable rate, interest only, 10 year draw, on my primary ...
Sunny D.
Cash out refinance on secondary home and credit score
HelloI have 2 homes now (primary and secondary-rental). My secondary home has appreciated quite well (purchased at 255K, expected appraisal : 415K, loan remaining: 145K). The mortgage is a 15 year fixed at a very good...
Mike Bell
Income standards for new tenants
When you are in the evaluating process of looking for new tenants in reference to income. I always want them
To make monthly income of (3) times the monthly rent. Should that be taken from gross income or net income.
Suzette Lowery
Help me assess my fist deal!!
I am working on my first deal and these are the numbers:
VA Foreclosure listed for 95,900.
Market Value 102,777
Average Value on street 114, 228.89
3 Bedroom 2 baths, 1 car gargage and only repair would be changing o...