Marshall Hooper
Credit Score effect of Unsecured Line of Credit
I'm curious if anyone can give me an idea of how an unsecured line of credit affected your credit score when you opened it up? The costs for me to use a 120k LOC are much less than for me to use a hard money or privat...
German Hall
Insurance coverage for STR Property Managers?
I'm looking to take on clients to manage their STRs. Would love to hear suggestions for providers that work well with STR managers, and if you think General Liability Insurance is enough to protect against lawsuits in...
Joseph Gisler
Military Vet Needing Housing in RDU
From an agent I work with in the Raleigh, NC area “Wanted to see if anyone knows of a rental property (3 or 4 bd/2bth) that would take on a family whose combined income is $7000+ a month. The problem is their credit i...
David Jones
Next Income Property
Hello Everyone,
I have a few questions and need some direction, all answers and advice are much appreciated. I just bought my first two family in May of 2013. I did an owner occupied FHA mortgage. I am looking to ...
Judah Houser
Local or national HELOC
Hello,
I am wondering if there is a best way to go about getting a HELOC. My credit is great and I have over $100k in equity. Should I look at small, local lenders or is it generally better to go with nationals lik...
Jacob Oser
Credit Question: Funding Properties
Newbie here. Love the community here at BP and since I can't think of anyone I know to ask this question to, I'm asking you guys. Something that I've been wondering about is whether new investors looking to buy their ...
Eli M.
Tenants with good and bad credit scores
Dear BP family,
I have encountered an interesting issue here; a sister and a brother are interested in renting a house of mine, the brother has a good credit score but the sister doesn't. How should I look at it? Wh...
Katie Tran
Re: HELOC rate comparison
Hi,Both credit unions for a 500K HELOC is with no closing cost (lender covering it). Credit Union 1: Rate is prime rate +1%, 10 year draw period. Introductory rate for 1st 12 months is 3.99%.Credit Union 2: Rate is pr...
Charles Mangum
Does getting an insurance quote affect your credit report at all?
I wanted to get a competitive quote for insurance on a rental property of mine. I was curious if anyone knew if requesting an insurance quote would affect my credit report and subsequently score in any way? I kno...
John Taylor
Best source for funding 4 years after bankruptcy
I would appreciate any advice that someone can provide on what my best rout might be for financing a flip. The issue that I have is that a little over 4 years ago my wife and I had to declare bankruptcy and our home w...