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Seems no income verification loans are back!Anyone get one recently?What were the rates/terms?
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I always thought I did a good job of screening, gut checking, red flag observing – the usual seasoned Landlord stuff. My process:Credit check, criminal check, social security verification, former Landlord verification...
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Illinois is poised to become the 7th state to require us to accept credit checks from applicants. The intent is to cut down on the cost of applying for rentals, particularly for renters that have to apply more than on...
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Hi BP, I recently watched another one of the BP webinars hosted by Brandon Turner. I'm a little confused on how the BRRRR uses "short term" and "long term" moneyMy understanding is that you can use short term money fr...
Hello, All!We are fairly new landlords and also new members of BiggerPockets. We own two rental properties in Baltimore, which is a very hot city for med students. I met two potential tenants from Canada today, one ...
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I have a rental property available and received an application from a family moving from Spain. They have great jobs lined up at the local college with ample income. They submitted an application but do not have socia...
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I am trying to get financing to purchase a property in Miami Florida. This will be my second investment property. I have enough money to put 25% down as a deposit. However, I cannot show steady income at the moment d...
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I'm at a crossroad. I currently have 3 multi family properties, 2 that have positive cash flow. The other breaks even (personal reason, covering expenses of an immediate family member. This isnt going to change in the...
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Does a 3.5% cash out rate on a refi with excellent credit and excellent income/debt ratios sound like a reasonable deal for right now for a long term investment SFH rental? Also paying a point to get that. Thanks fo...
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Hello BP!I'm curious if anyone has experience in getting a property refinanced as a self-employed individual. I'm currently seeking investment properties (SFH or possibly duplex) with the intension of paying cash (inc...