Adam Lee
Can I raise rent if tenant move 2 parents in?
My tenant currently has six people living in the property that has four bedrooms there are four adults and two children. The tenant has applied to add his two parents to the agreement. Bring the total to eight people ...
Denise Evans
Tenant Background Checks and Fair Housing Violations
HUD recently announced that relying on arrests (without convictions) for tenant screening violates the Fair Housing laws. Also, relying on convictions as an automatic disqualifier violates the Fair Housing laws. Scree...
Carolyn McBride
5% Down Requirements for New Conventional Multifamily Investing Option
Hi BP,I've applied for the new 5% down multifamily primary residence loan option for a 3-unit property, but keep getting denied at the Automated Underwriting System (AUS) stage. I have good credit (690), 24 months of ...
Bienes Raices
City wants to make convicted criminals a protected class (renting)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/07/13/BA161K9LGE.DTL&tsp=1
Ken J.
Denied for HELOC due to lack of credit history
Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes). I have applied with Chase and a local credit union and have been rejected for lack of credit history. I own my cur...
Tina Nguyen
Should I deny this application from a prospective tenant?
Hi,
This is my first time screening tenant. I use mysmartmove to run credit and criminal check on this applicant. The resullt shows his credit score is less than 500, with several outstanding, unpaid credit cards and...
Chue Xiong
When you are denied a home loan? Getting started?
Dear BiggerPockets Members,I have recently developed a great interest in real estate investing and am looking to get started. I have read and researched about getting started and have even made my first step in going ...
Phillip Syrios
Got Denied on Prosper.com with a 740 credit score
For those of you who don't know Prosper.com is a website where you can get loans from other individuals who invest in increments of $25 at a time. I was thinking of using prosper as a downpayment for a cheap investmen...
Bryan Sowieja
Using Bodytype and Sizeism as accept/deny application criteria
Hello. We make our application accept/deny criteria very clear to our applicants. We would like to add a clause that states something to the effect of: "Your application may be denied if you or anyone residing on ...
Mike Roberts
Denying a tenant while the property is still available?
I am currently closing on a SFH that will be a rental in NC. The area is kind of rural, and I don't expect to see a huge number of applicants. Say somebody applies, they have good credit, no criminal history, job, etc...