Just need some help with renting a house in a low income area. I've got a potential tenant that has a credit score of 563. They currently owe around $5,000 to various companies. They do make 3x rent as far as income a...
Hi AllI often get contacts from people who doesn’t have income but pursuing in master / doctorial degree but they have bank statement to cover the rent for a whole year. How do I make sure and somehow protect myself i...
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I am finding a lot of conflicting information online and was hoping for some advice. I am looking at a duplex that I want to purchase using a FHA loan and my mother as a cosigner. I was told that since it is a multifa...
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I recently spoke with my lender about options for obtaining an FHA 203k loan on a multi-family here in NJ. Since I'm partnering with someone, my lender stated that FHA owner-occupied loans require both signers on the ...
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Hello .I am a newbie!!!....I am using Rentprep to screen tenants . Which package should I buy? I am looking at $18.95 and add on Criminal/ sex offence ( $4) . Should I also buy Credit decision report for $9.95? ( ap...
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Hi everyone,What are your thoughts on renting to this couple in this situation? They meet all our criteria except for their credit scores...but the cosigner has a good credit score.- Joint application with Co-signer- ...
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I have a friend whose, daughter is getting her first apartment. She only makes 2 times rent and they require 3 times as most do. They would accept her if her father (My friend cosigns). I have not done cosigners so I ...
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Hi! I've talked to 2 CPA's and have received completely different information, so I'm hoping someone here can clarify!I have purchase a SFH (with hard money) that I intend to live in and share with renters (house hack...
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I manage what I call "Class C" homes defined as "clean, safe, and functional." These are not fully rehabbed and may be somewhat dated, but for someone on a budget they can be an excellent choice.I often get a lot of ...
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I have a potential applicant who wants to rent the unit for his retired parents who do not have sufficient income to qualify. He would co-sign or take the lease himself, and let them live there. I don't recall ever al...