Ryan Rhodes
Process for first 4plex, how to with short income history
Dear BiggerPockets Authors,I have been remodeling house for the past 7years with family, but am looking to buy my own house. I have been suggested at looking at 4-plexes to fix while earning equity. I started a plumbi...
Dallin Johnson
HELOC on Rental without 6-12 Months of Rent History
We moved out of our primary residence a couple of months ago and we are holding it as a rental. We bought a new primary residence but I unfortunately procrastinated taking out the HELOC on our 1st house (approximately...
Cooper Tichenor
How to get good loan terms with thin credit history
I graduated college last year and was thinking of buying a rental property (duplex) in my college town that was for sale. I'm able to put down 20% since house prices are much lower in that area, and I calculated ROI t...
Andrew Ward
Mortgages... Do I really need 2 years of employment history?
I'm a recent graduate and I've had some jobs, but mostly they were secondary to my education. Why do lenders look for 2 years of employment history? Will my being in a great job for less than a year (because I graduat...
Karen Spriggs
Unique Owner-financeable home near Charlotte w/ history & issues
I am looking at a potential sale of unique log home (gorgeous but needs updating -- no problem there). However, the home has some unfortunate history with it (not going to spell that out here but previous owner died ...
Account Closed
How to turn down a tenant with bad rental history?
So, I was listening to the BP podcast and the subject of how to do background checks on your renters came up. I was wondering, how exactly would or should you turn down a tenant that has bad rental history so to avoid...
Wade Garrett
Is This Credit History Too Much of a Red Flag?
I have had a couple apply to live in my 1BR. They are an engaged couple in their 50's. After I met them I wanted to rent to them. The apartment rents for $1,150/month. He makes $86k a year, has a credit score of 720+....
Keanna R.
Need help with financing despite gap in recent work history
Hi I'm a newbie but I recently found a great deal to invest in as a buy and hold. It's a triplex that was converted to a duplex and it is currently priced at close to half it's market value. It will need a bit of work...
Account Closed
New credit report rules require 30 months of payment history
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
Naguib K.
Applicants who are past home owners with no rental history
When approving new tenants I do my best to screen out people who will not take good care of my property, in addition to screening for income, etc. My single-family home properties are not high-end but neither are t...