Dustin Beam
Another screening question (bad credit vs good rental history)
Hello beautiful people of BP,I know I'll make the final call, but as a LL of 15 months I'm still trying to determine what really matters most and what to avoid when placing a tenant. And I'm not too proud to ask for a...
Jesse Brooks
Looking for creative financing strategies with short credit history
Hey everybody! I'm a new real estate agent in the Portland, Maine area. I'm full time as a real estate agent and also work 1099 as a carpentry apprentice on the side. I'm looking to buy my first property as a house ha...
Payman A.
Do you ask for proof of rental payment history?
Hi everyone,So I'm in escrow for a 4plex that is fully occupied and currently manged by what seems to be an experienced and well organized firm. 1 of the units has been occupied since 2010, 2 since March, and 1 since...
Jeff Piscioniere
Private lending from family to build private lending history
My business partners and I are looking to scale as quickly as possible on a buy and hold rental strategy. For purposes of using as little of our own money as possible we naturally want to use other people’s money. Tog...
Walt Dockery
Renting to someone with cash but no credit history
I am showing my first rental property to rent. I had a family come by that seems like they would be a good fit, they are interested, filled out an app and are ready to move in soon - only problem is they recently mov...
Adam Gardner
Unstable employment history - any recourse on getting a loan?
Hi all,I'm a mid-20s guy looking to diversify into real estate. Right now I have about 125k invested in vanguard with about 80k of that liquid (taxable mutual funds), and about 10k in a plain checking account. I've be...
Account Closed
How to run a credit history report on tenants.
How can I run a credit check on someone to see how well their history of payments are before I allow for the tenanats to sign the leasing contract.
Matan Mishli
Less than two years credit history first home buyer
Hello everyone, My name is Matan, I moved to Las Vegas a year ago from Israel and started working about 7 months ago. My wife is American with credit history of more than 15 years but she is a partial time worker. My ...
Susan H.
Owner Financing but buyer won't give credit history, etc
I'm selling my primary residence with owner financing (bond for title). I still have a mortgage on it of $174,000 plus equity line of $18,000. House $250,000, 2% down, 5 3/4% interest. My personal interest rate is...
Jonathan Ramsuchit
Using fathers exp. in rental history to obtain financing
Hi,
I am looking to buy a multi unit with my dad and then transfer to me. I am using him because of his rental history on tax returns so banks can use the projected rental income of the property that I'm buyi...