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I have an three people wanting to split the rent on a house I own. Two of the applicants have outstanding credit, the other is on the low side (500's), which is obviously concerning. I'm struggling to interpret his ...
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Let's say you are a brand new investor. You are 40 years old and you have a family. You have $80K in your savings account, and you decide you want to invest in real estate.
Knowing what you know now, what would you...
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Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...
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Hey what's going on I just want some input. I'm trying to buy my first property I just graduated from college in December and I'm trying to get into real estate. I was wondering could I get a mortgage with a score of ...
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Hello everyone,I recently bought a duplex where I rehabbed one side and moved in. The current tenant is covering the mortgage taxes and insurance. I got a loan through a local bank that is subsidized by the county to...
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Hello,
In the next year I plan on buying my first property,
however because I don’t have much credit history I will need to boost my credit score to get financing.
The broker I am working with has told me to leave ...
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As mentioned in another post, I am doing my research about opening a self-directed Solo 401k. Sunwest Trust was mentioned here on Bigger Pockets as a no-frills option. I contacted them and ended up with another ques...
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I have an applicant who has just ok credit (average) but had a few late payments on last lease due to something or other. He told me a story, but I generally don't invest in "stories". However, he said to make up for ...
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What is the best way to realize equity in a portfolio? Are lines of credit available? What if borrower had marginal credit? Looking for a way to realize a small portion of global equity in portfolio quickly, to have...
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I've noticed that a lot of people on the site come on and ask about how they can get started investing with a poor credit score and if that score even matters in real estate.I'd argue that it does. I think it makes o...