Colby Zeller
Loans and Loan requirement questions
Ive been diving deep into house hacking recently, and it seems a big benefit of house hacking is qualifying for a FHA loan. If you live in a property for a year you can qualify for a FHA loan that allows you to put as...
Jordan Penor
Conventional Loans Probably Don't Work For Young Investors
What I am about to say might not be a surprise to more experienced investors, but being so new to real estate I was very disappointed when my loan request got rejected by my local credit union. I hope some people can ...
Kayla White
Has anyone rent to potential tenants who have no rental history?
I am a new investor and I have three prospective tenants (all will be living together). They have No previous rental history, but as a combined whole they make a little over 2.5 x’s the rent. Any advice and/or tips o...
Matt S
Online Tenant Screening
Is there a site where I can pull credit and prior evictions/criminal without having to have the tenant complete the information? Every site I find requires an email be sent to the prospective tenant, which most of mi...
Travis Timmons
Tenant Screening - Fraud Indicators
Had a new one pop when screening a tenant today. Credit score is 771, criminal and eviction history are clean. Email correspondence has been normal...no red flags on that front. The credit history report had the follo...
Robin Simon
Real Estate Investor Financing 101: FICO
adopted from a twitter threadOne of the most important numbers to determine your
✅Eligibility
✅Rates
✅Terms
✅Points
on a loan for your investment property is your qualifying credit score (or FICO)
"FICO" itself ...
Jared Dewey
House Hack at 18 is it Possible? Maybe Even Under 18?
I'm very new to the real estate scene, I turned 17 about 3 weeks ago but want to get my first property very shortly after 18 maybe even 17 if possible. Considering I don't plan on going to college after high school to...
Tyler Scranton
Getting a mortgage under LLC
My partner and I are looking to purchase a SFH in Philadelphia and have recently formed an LLC as an investment vehicle. This is our first purchase and are planning on making more purchases under the same LLC. We are ...
Elisabeth Greer
Mortgage Loan Originator
Greeting fellow BP members!I have a tenant who is lease/optioning one of my properties, and he needs help qualifying and getting his loan so that he can ultimately purchase. If you know of any good Mortgage Loan Origi...
David Stone
Deny applicants because ONE doesn't fit minimum qualifications?
Hi, I have a couple who applied for one of my units. I have not had the best gut feeling about them from the beginning. After running their applications (background check, credit, etc.) everything has come back satis...