Chris Bingham
Dangers of renting to someone with poor credit?
I'm considering renting a spot to an applicant with very poor credit. To offset the risk of the tenant potentially not paying rent I am considering a deposit that is more than 2X their monthly rent and only offering a...
Erik Miller
Do short sales hurt your credit score?
I have heard different answers and was wondering what you guys had to say?
Thanks,
Erik
Joseph Chang
Credit score slowing growth
I have a credit score issue. I bought 7 rental houses last year and my debt is nearing 1 million. I’m not worried as my rent margins are double or near double the mortgages. All these hard inquiries and debt have drop...
Ella Myers
Is getting a pre approval this difficult
How hard is it getting a loan approved ?! My husband has a credit score of 616 and I have credit score of 685. My debt to income ratio is a bit high but my husband makes great money . Is my mortgage broker not going t...
Owen Thornton
Down payments on a line of credit
I have been reading a lot about creative financing and funding loans through other methods than just paying the 20% down payment. I have been quite interested in how some people use credit cards and small personal loa...
Beau Fannon
Mortgage lenders are lowering credit requirements
https://www.bankrate.com/mortgages/fico-credit-sco...This is for the real estate agents. What has been the biggest deterrent for home buyers in your recent experience? Is it the need for a higher down payment because ...
Craig Risser
Cash Reserves for Mortgage
Hello everyone,Getting my down payment, closing costs, and cash reserves lined up for my first investment property come January.But today I read that lenders also want to see six months of cash reserves available for ...
Mel Hayes
Tenant Screening - Scoring system?
question for property managers and self manging landlords. Do any of you have a screening scoring system? I just read the ultimate guide to screening but I didn't notice a score system. For example, you have 2 appl...
Christian Kim
Young investor trying to get a loan approved
I'm looking to buy a house soon. I have the down payment and all. However, I'm 24 with a credit score of 731. I'm afraid I won't qualify for a conventional loan on my own because I don't have that long of a credit his...
George P.
Security deposit - how much is too much?
Would a month's rent for 2 adults living in a property be adequate Security deposit? (I plan on raising deposit by $500 which is 1/3 of month's rent for each addtl adult, such that 2 adults = $1500, 3 adults = $2000 d...