Zachary Vanison
Do credit really matter guys
Good evening bp community hope all is well. Question do credit matters more the deal on dscr loan and what credit score is recommended. Thanks bp community for your help.
Marcel B.
FICO Score: Best way to increase it.
Hello,I plan on buying my first multifamily this summer with an FHA loan. My lender said that I need a min. 650 FICO score and that they "take the middle score". My scores are as follows:Experian FICO Score 2: 586Expe...
Cassandra Sifford
How do you tenant screening with a scoring system?
Good day BP fam!!! I have an open house this weekend to show my 1st investment property ... #HYPE!!! I've gotten so many calls, messages and emails with interest, but I'm sure I'll get plenty of unqualified candidat...
Bridgette I.
Are there really consumer FICO scores and lender FICO scores?
Experian says my FICO is 816. My lender showed me my credit report that she pulled and Experian says my FICO is 695. When I asked my lender about this, her reply was that there's a consumer FICO and a lender FICO th...
Luis De Jesus
Investment rates 20% conventional, please share.
I am surprised the forum doesn't have a thread were the community posts kinds of rates on loans they are able to get. If there is such a thread please point me to it. Otherwise, I'd like for you to share what rate y...
Rich Hupper
Helocs and your credit
Hello bpI know a heloc functions very similar to a credit card however what happens when you use over 80% of your total line and only pay the minimum payment. Will this adversely affect your credit score?
David M.
Rental Application Scoring System
Hello,Would anyone be willing to share his or her scoring system when evaluating applications? What variables do you consider, how much weight do you put on each variable, etc.?We have a portfolio of lower-income ren...
JonPaul Kessinger
Cost of Land Lord insurance
I am working on my first property and it's a pocket listing. I have the lawyers creating a purchase agreement, I have financing in line and I am working on getting my Landlord insurance. I was just quoted $130 a month...
Steven Peterson
Credit score barely below requirement, accept or decline?
We have potential tenants that seem like a great fit other than the credit score is just below our requirement of 600. Is there a good way to make up for this? Conditional lease? Increase deposit requirement?
Brandon Jensen
Fix & flip funding
Happy Friday everyone! :)I am looking for any tips on how to go about getting the green light on getting funded for my first of many fix & flips, I started a LLC a few months back and my credit score is pretty low...