Jon Brys
Storage Deal (First Time Underwriting) @Henry Clark
This is my first deal underwriting with some help from a friend in the BP community, he has more underwriting experience then I have but I am a beginner.
We reviewed this deal from one of the major brokers as a pote...
Account Closed
Credit/Background/Evictions Checks Galore + 3X Rent Rule.. Yet EVICTIONS SURGE IN USA
I highly doubt credit and background checks are outdated, for if anything, they are continuously competitive and streamlined hot tool commodities.Perhaps the 3X Rent = Minimum Monthly Salary qualifier is outdated?Firs...
Josue Guerrero
Section 8 - What Would Happen in this Situation?
Alright, I'm not too sure with the workings of section 8 so bear with me! My aunt and uncle raised an interesting question to me the other day about it. My uncle was the one who applied for section 8 a few years back ...
Account Closed
Income Requirement For Renters - Combined Amongst Tenants or Not?
Hi everyone,
I'm pretty much a newbie when it comes to tenant screening. I have "book smarts" on the topic, but no "street smarts". In finding a new tenant for a unit in my duplex, I've come across a few q...
Mike Terry
Learning from History... Check out this time article from 1977
https://time.com/vault/issue/1...
Rising Housing cost, shortages of buildable land. environmental concerns, short supply of existing homes, inflation of building materials and labor... Sounds familiar
Justin Fox
Tenants who are long term friends (24 years).
I was wondering if anyone treats deposits or income requirements different for applicants that aren't families?Thanks.
Rachel H.
Rent to Tenants with Large Credit Card Debt?
Hi everyone. I have applicants (a professional couple in their thirties) to rent a single-family home I own. They seem like fine people - no reason to believe otherwise. Their combined income is 7x rent. Their credit ...
Brian Davis
Mailing to Reverse Mortgage Lists
I was looking for mortgage data (hoping to maybe find the inheritance list in the data), and ran across the following:
Reverse Mortgage Lists
Basic Reverse Mortgage Criteria Seniors aged 65 - 8...
Michael Vazza
Factors Effecting Existing Home Sales
The market potential for existing-home sales in June was estimated to be 5.47 million at a seasonally adjusted annualized rate (SAAR), down 2.5 percent compared to last month, and 13.1 percent lower than one year ago,...
Rachel Kim
Newbie, New Investor Question for Next Properties
Hello everyone!
I am having difficulties understanding how investors can get more financing after the first or second property. I am not talking about coming up with the downpayment but rather regards to mortgage aff...