Jason NA
100% NOO 2-4 unit NY, NC FULL DOC A+ Credit
Hello I purchase properties that fit into the following scenario. I purchase 1-2 per month and would like to line up a nice financing program. Please tell me if you have some programs that will go for this loan scenar...
Mary Brennock
Does every tenant need to process a Credit and Background Report
Hi - I have a couple, not married, requesting to rent my property. Do I need each of them to file a credit check with RentPrep? If they are married do you just have the top income earner process the credit check?Th...
Joseph M.
Damage to REO close to closing ...Should I get a credit?
I am close to buying an REO property that is close to closing. I did a recent walk through and discovered that someone removed the dishwasher and damaged the cover of an in wall A/C unit. It didn't appear to be a forc...
Alexander M Yacynych
Is there anyway to report unpaid rent to a credit agency?
Is there anyway to report unpaid rent on a tenant who skipped out? I talked to some one at Equifax and they said that there was a demand for this type of reporting from landlords, and that they were working on it, an...
Randy King
Selling using Lease/Purchase, should I use a credit repair service?
Hello all. I am developing my RE investment model. The model is to buy SFHs with as much equity as possible for cash and then sell to tenant/buyer on a lease/purchase. My goal is to maximize cash on cash return. To do...
Ross Yeager
Buying a House With a Credit Card and No Money Down
DISCLAIMER: I would never recommend anyone else doing this. I did this as a financial hack to see if it could be done knowing that I could cover the deal in cash should anything have gone sideways.
Yes, you read it...
Robert Johnson
Rehabbing a duplex, I need a credit line other than HELOC.
Im using a HELOC to rehab one side, and do not want to spend my capital rehabbing the other unit, which will cost 60-70k. What type of business line of credit or SBA loan would work best?
Leonard Spicer
Buying a Property with No Money Down Using a Credit Union??
Has anyone else been able to use the difference between the sales price and appraised value of a property as a down payment, as mentioned by the guest in episode #440 of the BP podcast? He mentioned finding a credit u...
Christine Beeman
Making sense of closed accounts on a credit report: please HELP!
I have an applicant who makes 6.8X the rent. She has a credit score just under 600 and literally $30 bucks of debt (her open account shows no late payments). However, there's a closed auto loan with 20 late payments (...
Jason Mak
Offering my Retail Tenant a Credit line on past due rent
Hello Bper's
I recently acquired a retail building and I have a tenant who has trouble paying his rent. His rent is 6k a month and he is sometimes able 3000 in two separate payments. His business is somewhat seaso...