Jen Hoang
Partnering with someone who has good credit.
I have cash but don't qualify for a conventional loan. If I partnered with someone with good credit, how would that work?
Luke H.
Applicant's FICO Score | Average applicants Score
Team,What is the average applicants score you require and why? Do you change this for lower income applicants/ lower income neighborhoods?I'm using an online screening service that says 650 ◄ (Avg. Renter's score)Thanks
Jonathan Chandler
Rehab with a Credit Card...hear me out!
Ok guys. Curious question here. Just so you guys know up front I do not currently have ANY credit card debt, and I pay them off every month if I use them. Now that that's out of the way. I am extremely lucky that I...
Laura Hamilton
Tenant screening
Few interesting situations with prospective tenants:We have a nice lady who is coming to see our rental property. However she is Canadian citizen and I wonder how would we do credit check for her? She is in a manageri...
Allison Jones
Multiple Credit Pulls
I know that multiple credit pulls impact your credit score. How do you get around that with talking to multiple lenders? I have 2 lenders that I work with regularly but looking at a 5 flex for the first time and may n...
Jeremy Brown
Best loan option with a foreclosure
So, with a foreclosure 6 years ago, hence still on credit, what are the best options for getting equity out of a rental house that currently has no mortgage?Assume high credit score (despite the old foreclosure), high...
Daniel B.
Equity Loan
First time buyer. I have an equity loan line of credit. Do I use it as a down payment for a larger home or purchase a smaller home outright and have interest only payments for 10 years? I am looking to buy and h...
Blake Lawson
Understanding Investment Property Interest Rates
Hey everyone - I'm onto the next step of getting pre-approved for a property I am looking at. Everything looks good so far, but I don't have a solid baseline to understand the interest rate for my pre-approval. I have...
Clayton Bray
Heloc Rejected for investment, am I doing it wrong?!
Hey BP!
I got rejected from my credit union because I said that I was using my HELOC for investments. Should I just say home improvements or what? Were is the best place to get a 90%LTV loan thats interest only? We ...
Mike O'Connor
Young and inspired prospect
I delved into the thought of RE investments last year when I had taken less than full time (12-15 credits) college credits in a given semester and had much more free time allowing me to supplement that new free time w...