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Results (10000)
Account Closed Minimum credit score for a potential tenant?
21 December 2019 | 11 replies

Hi everyone, just closed on my first property and now we are up to screening tenants. I have two sisters interested  with a 545 credit score and a 485 credit score. Otherwise no red flags. Can anyone help with some ad...

John Wallace Current DSCR rates? Who's got the best program?
24 June 2024 | 8 replies

Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...

Brandon Vaughan 700 credit score cant get 10% down 2nd home loan?? need 740?
10 January 2023 | 12 replies

Hi, i am trying to purchase my first STR. I thought i had found a lender but after running the numbers, was told i need a better credit score. has anyone ells had this problem or found a lender that will do 10% down w...

Asya Evans Is it soon to use Property Management Software?
31 March 2020 | 13 replies

I only own one property, but know that I would like to scale my buy and hold portfolio in the near future. How soon is too soon to use a rental property management software? I figured it will be useful to already have...

Bryan Petrinec QuickBooks and Security Deposit
4 June 2018 | 8 replies

I am looking for some guidance on managing security deposits, repairs, and return of the balance from a bookkeeping standpoint.  This is the first time I am going through this and I want to make sure I am handling it ...

Zach Bechard Conventional Loan without income?
30 July 2013 | 9 replies

Is it possible to get a conventional loan without proof of income and good credit?

As a new investor it will be hard to show income, but I have good credit. Rather than using private lenders or Hard Money Loan, coul...

Mark Maynard Jr Experience with DSCR Lenders
27 April 2022 | 6 replies

Does anyone else seem to have the same experience when applying with DCSR Lenders?Background: I am currently working with a lender in New Jersey who calls themselves BRRRloans, parent company Orbit Capital. I have to ...

Tom Server non LLC , use personal checking account to pay mortgage and bills or open a separate
17 April 2024 | 13 replies

So I purchased a triplex in my name, do not have an LLC. Does it matter if I keep the rents in my personal accounts? Or should i open a separate checking and savings? I do I open a separate account and pay the bills a...

Jason Waldo Am I ready to buy another property??
29 July 2018 | 11 replies

So I have been talking with my wife about buying another property and we are not sure if we are ready. We are ready mentally but are we financially ready? I won’t be shy here about what we make and what we currently o...

David Moore Using YNAB to run a rental business?
14 December 2022 | 29 replies

Is anyone using the software YNAB (You Need a Budget) to operate their rental business? We currently use Quickbooks, but it lacks the budgeting portion that I am finding more and more critical to mapping out our cashf...