Kat Rathell
Eployment verification third parties
We recently started running into more employers using the Worknumber or Truework or other employment verification services. Our rentals are in the inner city of Milwaukee, WI, so our renters are low income. The servic...
Jimmy H.
Identifying and analyzing prime LT buy and hold areas
I'd like this thread to be a place where we can bring our collective brain power together to try and determine some of the better markets for a long term buy and hold rental strategy. This can be MFH or SFR and it com...
Andrew Bosco
Software of choice
Hey all, What are your go to software of choice when managing your MTR? Looking for tips on collecting rent, managing the property with good communication between cleaners/handymen etc and booking my place. I'll start...
James S Tomaszewski
High interest rate for investment property
Hey all!I'm looking to buy my first property right now and put in an offer for 440K on a 2b2b in Joshua Tree, CA. The offer was accepted and, LONGG story short, my mortgage officer pre-approved me for the wrong type o...
Joseph Harwell
Fay Mortgage Services .... anyone used them for LLC Purchaes?
I received an email from Realty Bid which I bid though some times about Fay Services. I copied and pasted part of the add below. I just thought a 30 year fixed with 15% down, no income or Employment ver. was wild. The...
Nathan Helm
forming LLC for funding?
Hello BP community, I am in the works of buying my first investment property (owner-occupied house-hack). I just talked to my first mortgage broker and he is wanting me to set up an LLC so that he can have the docs in...
Shawn Blake
How to secure a loan as self-employed / through LLC
Hey!So i've been on BP forum for some time now trying to figure out how to get in the game. A lot has changed and recently i left my corporate job where i was making over 6 figures to open my own production company th...
Emerald Sie-Duke
An Employer that does not provide pay stubs (but writes checks)!
Hi,I am currently screening tenants (mother & daughter) for a 4bdr/3.5bath home. One of the prospects explained to me that she does not receive pay stubs and is paid by a hand written check and cashes it. When I ...
Tanim J B.
How to review smartmove income suggestions
Howdy, a newbie question.
was trying to verify 3x income requirement. Got application using smartmove where it says income as xx but paystubs show different? Should we consider pay stubs as source of truth?
Also app...
Sajjad Abbasi
I'm self employed and can't verify income due to write offs
Hi. Can I get a HELOC for my two rental properties if I'm self employed and can't verify my income because of write offs. Both the properties are condos and I don't want to do cash out refinances because on one of the...