Alvin Ng
Verifying Rental Income for Duplex in California
Hello BiggerPockets community,I am currently going through the process of purchasing a duplex in Sacramento, CA. I have asked for records to confirm past income and costs of the property to accurately model the cash f...
Luke H.
Do you verify the Residential Lease Guaranty?
Hope all is well. I have a realtor saying their clients (3 new grads), have offer letters, and their parents are willing to co-sign. I've seen a Residential Lease Guaranty before and I'm curious how to tell if their...
Bienes Raices
Employers charging fee to verify tenant employment?
I went to verify an applicant's employment today and the employer had outsourced this function to a company called "Work Number". Work Number charges a $17 processing fee to verify the employment and income.
Has anyo...
Ryan Oelmann
24 Unit under contract...cant verify income
Good evening all,After months of searching, I found a 24 unit complex that I really liked and all the numbers worked for me. It was off market, so I've been dealing directly with the seller and worked out some creativ...
Josh Taylor
How to verify a lender is legit
Im pretty sure a lender ive been talking to is a fraud but I want to make sure. Is there a forum or particular place on BP I can go to to see if a lender is legit. I started to get suspicious, so I searched the NMLS n...
Marci Stein
how to verify expenses when buying multi?
Looking a a 5-plex, and the seller has sent me a sheet with expenses and income from tenants. How can I know if the oil (owner pays) really costs $8000 a year, and that other expenses are true?? would I need to ask fo...
Holly Prokop
Do you verify employment when renewing lease?
Hello - just wondering if anyone verifies employment / income when renewing a lease?
Max McNally
First deal, trying to verify my numbers
I'm looking into buying a multifamily property (6 units in Ohio). I've run the numbers a bunch of different ways, and they seem too good to be true almost, so I was wondering if someone could verify, especially multif...
Melissa Searing
How Does a Bank Verify "Landlord Experience"?
Hi BP!I would like to get financing for a small multi-unit property. I have read that, in order for the bank to utilize any of the rental income from the property, I would have to have "landlord experience". I am wond...
Jackson Pontsler
How to verify an agent is being ethical
My wife and I purchased a flip off the MLS a little bit ago. Everything went along well till a bit of a hiccup at the end when the seller (owns the neighboring property) realized they didn't have a direct driveway i...