Ryan Weimer
Denied from Fannie/Freddie for "overall credit profile"?
Never good to get a surprise call that Fannie/Freddie is pulling the plug on you. Was wondering if anyone has heard of this kind of situation - Credit Score is 730+, Reserves are plenty, and DTI is well within range (...
Steve Hodgdon
Credit reporting using RentTrack, RentalKharma or RentReporters
Hi - I have a small portfolio and want to help tenants on lease option improve their credit for an FHA take out. Has anyone used RentTrack or similar. The smaller ones like RentalKharma only report to TU and charge te...
Andre Davis
Sending Tenants to Collections
Hello BP,I have a tenant who I started the eviction process who recently moved out before the court date but left with a substantial balance. I’m wondering if it is worth it to send them to collections? And if so, wha...
Isabelle Schofield
Acceptiing rental applications online vs in person?
I started using this online form to collect rental applications: https://www.elbowspace.com/FRHformexample158 Is there any legal ramifications by doing this ratherthan having them fill out a paper form and sign in per...
Devin Mann
Pay off credit card? Or save my cash
I owe about 4k in credit cards and 8k in bank account . Should I continue saving for a flip and make minimum payments? Or pay off credit debt
Steve S.
Debt to income ratio on unsecured line of credit?
I've talked to several local banks and they all seem to be around 40%. For round numbers, can if I make $100,000 / year, what would I expect them to be comfortable with as far as extending me an unsecured line of cred...
Luke H.
Applicant's FICO Score | Average applicants Score
Team,What is the average applicants score you require and why? Do you change this for lower income applicants/ lower income neighborhoods?I'm using an online screening service that says 650 ◄ (Avg. Renter's score)Thanks
Jonathan Castillo
New to House Hacking
Hi Everyone,I am currently undercontract for a duplex in Austin, Texas. I plan to live in one unit and the other is already rented out.I have a few questions as to what I should get done sooner than later.1)) Do I nee...
Dax Gurr
Owner Landlord looking for potential renter Credit report
I have a rental that is kind of unique so it is a little hard to rent. I have had what I thought was a great potential renter complete the application. The problem is both the husband and wife have terrible credit (...
Andrew Threet
How to Setup Bank Accounts
Are there any CPA's or experienced investors on here that can help me out with how to setup my bank accounts or offer advice on how you setup your systems for your real estate investments?I'm looking to close on my fi...