John Britt
What qualifications do you look for in tenants?
I decided to create this post because I understand that it seems like so many new investors make the mistake of rushing to find a tenant for their property without taking the time out to do background check. It is so...
Lisa Ivy
Texas - Tenant Qualification and Request for Moving In
Hi all, I am new here. I am currently trying to rent out my house and using a realtor to help me list it. There is a prospective tenant that the realtor is advocating me to let them move in. My issues are: Their incom...
Account Closed
Wholesalers 'Contingency' Approach Evades Financial Qualification & Commitment
many agents and sellers want to see how much loan $ you are approved for, and/or cash on hand to afford what you are offering to buy, in order to take you seriously enough to go through the trouble of a showing and th...
Beau Pearson
Two adults and only one meets credit qualification
If you had a standard of 600 credit score and two adults fill out applications, with only one having enough credit to qualify, what do you do?
Jorge Mendoza
Self Employed FHA Qualifications Starting Out FHA Tips
Hello Everyone! I am looking for any advice that can help me qualify for an FHA self employed loan as I have read it is more difficult to be approved for an FHA loan when you are self employed I am excited to start in...
Maria D'Aura
Qualifying renters - do you look at DTI?
When evaluating tenant applications what minimum requirements do you have?
To qualify for a mortgage debt to income is talked about a lot, but not so much for renters. Do you take that into consideration?
Dustin Letourneau
Rental Property - Section 8 Navigation & Pre-screening question
Hello everyone,We just listed our FIRST (woohoo!) rental unit on the market for rent. We have quite a few interested in the property but one we scenario I'm not sure how to navigate is Section 8 housing. Looking at ...
Andrew M.
Section 179 Write Off (Vehicle over 6,000 pounds)
How can I take advantage of this write-off? Some background information on my situation. I recently set up an LLC for the purpose of transferring my rental properties to it. Currently, my personal residence and invest...
Tina Lee
So many mad people calling me
Hi, I have a very small studio apartment listed for Low price and got about 200 inquires on past week but only about 3 showing because none of rest qualify. The showing did not turn into actual application, at mean ti...
Sam Abazari
PRE-QUALIFIED VS. PREAPPROVED: WHAT’S THE DIFFERENCE?
A very common question that we get asked as our clients get ready to buy a home, is what is the difference between pre-qualification and pre-approval? Are they the same? Is one better that the other?
The truth is the...