Byron Bohlsen
New Landlord application process help!
Hi folks!First showings today! 4 applicants applied. Looking for some advice on next steps! How do you do it? Is my proposed way good? I was thinking of reviewing all applications and putting in order of most qualifi...
Henry T.
Why you should stay away from Seattle
I usually stay away from the Seattletimes because it's such a rag, but somehow a landlord managed to get a story in. Hopefully this link will work. Read the comments especially.https://www.seattletimes.com/opinion/sma...
Tasha Williams
How to buy a 4 unit property at age 18?
Hello everyone,I'm 18 years old and with average FICO score 715, I have a 5-10 percent down payment, with only 6 months of full-time employment (annual income 52k) and 1 year of part-time work history (annual income ...
Tim Johnson
Insurance for a converted building
Hello BP! I was doing some insurance shopping the other day. We own 5 multifamily buildings. Insurance rates for 4 of the buildings are "reasonable". The fifth building is an older all-brick building. It was orig...
Faith Gracia
Qualifying for a home without the 2 year employment history?
So I am just graduating college and through school I have not had a steady job and at times I was either not working or doing side gigs. I’ve always planned on purchasing a rental property once finished with school, b...
Robert Zavertnik
FHA Loan Requirements
Hi All,
I am interesting in purchasing a multifamily property with an FHA loan. I've seen multiple requirements from different websites. The one that I'm concerned about is "2 years of employment" or "2 years...
Christian Carson
FHA loan on leased property
Hello all,
I'm looking to buy a 4-plex using an FHA loan and occupying one of the units myself. The problem is that the building is fully leased and it looks like I might not be able to get an open unit until April. ...
Bienes Raices
Would you rent to these people?
They are both college students who also work.
Person A is 20 years old, has a FICO score in low 600s, no rental history, has been at retail job for six months.
Person B: I haven't run his application yet but he see...
Ariou B.
Got a New Job, Can I Qualify for FHA/Conventional Loan?
I greatly appreciate any help;I just landed a much better paying job and I will start in couple of days. I've also saved up some money and I'd like to purchase a multi-family house near Los Angeles area (3 or 4 unit f...
Lee M.
Background and credit Checks
Do you guys run a credit and background check on every applicant? I have several rental properties, and I am inclined to not run background or credit checks on students that are in professional graduate school (medic...