Joel W.
Realistic Tenant Credit Score
Hello, I'm developing a business plan for my REI and I'm wondering what credit score do most people use to determine potential tenants? 780,740,720, 550???? Is the score or the record what concerns landlors most?I pla...
Kristian Kotov
Advice on Looking for Commercial Lender for a 5-Unit Building?
I have identified multiple 5-unit buildings that I am looking to purchase in the Fall River, MA area. Originally, I was looking for FHA loan, but when I found a 5-unit building within my budget, they told me that FHA ...
Josh Smalley
Checking multiple lenders at once (cr. score hits, sequence, etc)
I'm in the middle of pulling out equity from one investment property (HELOC or 2nd mortgage, whichever gives me the best rates and LTV) and then using that money to put a downpayment on a second property, thereby need...
Alexis Zion
Credit Score dropped by 50 points
Hey folks. I had an emergency repair at one of my buildings (boiler died in winter) that I had to put on my credit cards. I put a total of $30,000 on my cc for individual furnaces in each of the 8 units. I had a cr...
Ti Jackson
Real Estate Salesperson Exam
Hello all,I am one step closer to receiving my RE license. I have passed my final exam for my pre licensing course and now I need to pass my PSI exam. Im super nervous and would like some tips on what to do and how to...
Rick Kelley
Credit scores and financing
Is it possible to find financing with a 600 credit score and a collection account listed on credit report
Thomas Gentry
Financing options - DSCR
Hello BP community. Long time lurker but now am ready to get in the game. I have a couple of questions about dscr loans. What ive gathered- ratio of 1.2 or higher, 25% down, need around 6 months piti left over in bank...
Jon Q.
Now is a great tune to cash-out refinance!
I'm not a banker, nor do I broker mortgages or get paid any compensation to refer those seeing to refinance.---------------------------------------------I believe that many markets are now peaking. Now is an excellent...
Nancy Beltran
Need A Hard Money Lender For First Time Investor
Hi All
Hope you can guide me in the right direction . I am a first time investor and looking in doing by first flip but need to see if you can referral me to a Hard Money Lender that will work with me since this wil...
William Cain
Pre-Approval Letter Duration
I understand that a Pre-Approval letter is typically good for 60-180 days depending on the lender, however I feel I don't want to get pre-approved unless I find a great property. Should I go ahead and get pre-approved...