Jose Gonzalez
Can you check qualification of loan without lowering score?
Hello BP,I have been working on my credit for a while now and finally got a good score. I want to see where I stand when talking about qualifying for a loan. I inquired at a local bank and also quicken loans and they ...
David Martin
Schedule C or Adjusted Gross Income for Mortgage Qualification?
For conventional mortgage financing for us that are self employed and also use a Schedule C, do lenders consider your AGI as well or are they more/only concerned with the numbers on your Schedule C?Thanks!
Mandy Liu
Prospective Rental with no rental history, my qualification list
Hi - I showed my SFH to several prospective buyer yesterday. Neither has submitted the rental application yet. I sent them the link to apply via cozy. I told them once their application is accepted, we will proceed wi...
Greg Lindor
Do I need special qualifications to offer Property Management
Hey BP!I'm a new investor and about to have my first property under my belt. It's actually my current residence that we'll be renting out after we move out in a couple weeks here. We plan to manage the property oursel...
William Carr
Hard Money Loan without 2-3 past project qualification?
I have read about fix and flip hard money loans and how to qualify for them but I am not understanding what you do when you have zero past experience and how you get those 2-3 under your belt so you can get approved ...
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
Braxton Boone
Pre-approved for a loan vs. Loan pre-qualification
I've heard the the term " getting pre-approved for a loan" which, from my understanding isn't the same as "loan pre-qualification". Although they sound very similar, could someone briefly explain how these are different?
Kari Piecuch
Will my spouses rental properties affect my mort qualification?
My spouse has two mortgages (soon to be 3 after this BRRR). I have zero mortgages. Title for two properties are in his name only. Title for the BRRR will be in both our names. We file taxes jointly.If I apply for a co...
Alyssa Paros
What credit score do you use as a qualification?
We own in a triplex where the rent is $500-600/mo. Should we stick the standard in The Book on Managing Rental Properties? What credit score do you use as the qualification threshold?
Nick Peraino
Screening Tenants - Waiting to Accept/Deny
Hey everyone,
I'm renting my first property and have been studying Brandon's book on rental management. I have most of my paperwork and process in place.
My question:
Is it okay to collect and run applications, ...