I was reading the tenant screening guide provided by BP, WOW it is full with some great information. Assuming the prospective tenant income is 3x rent, no evictions, and good references, do any of you also set a mi...
Just got turned down by a mortgage Lender on a refinance I was trying to do. Said my Credit Score (Middle Score) was 619 and their underwriters needs was a 620 Score. I Checked my FICO and it was 640. Anybody know ...
I am going to start building my credit with a secured credit card when I turn 18 to make it easier to get the financing for income property. I recently started researching entities and I can across something called a ...
Is the Fico score 2 (mortgage score) or score 8 used to get pre-approved for an investment mortgage loan?
Hey all! This will be my 1st BP convo. I searched the topic, but most recent that came up was from 2016. How much of a stickler are you about a renter’s credit score these days? Our property is probably in a B or C ne...
I am looking for a rental property to invest in and i did my research and found a foreclosure. Well after looking at all the numbers it seem like a good deal for a beginner. However i needed to get approved for a loan...
Recently my spouse has had her credit pulled twice. The first time her credit score came back an 863 and the second time an 858. Both claimed to be FICO scores. I have always been under the impression that the range f...
Hello everyone, I am set to close on my first rental property on Monday (fingers crossed it all goes well but it is conventional financing and not a short sale or foreclosure so there shouldn't be any surprises). Th...
What is a general credit score I should have for my tenants to qualify for a rental property?
Hi everyone! What credit score do you typically require for applicants? TIA!