Kadia Lawrence
How to calculate 3X income rule for section 8 and Minimum credit score
If you have a minumum multiplier to qualify people on income, e.g., income must be 3X rent, how do you make the calculation for a tenant using a section 8 voucher?Also, if you are using one standard set of criteria to...
Sendil Thangavelu
Rental applicant pattern of too many enquiries in their credit but great score
Hello,I have an applicant for my rental property that has a great credit score, but for the last 4 months I see a pattern of 5-10 enquiries per month in their credit score. When I asked about this, they said that , t...
Rob Harnden II
What do you do if only one applicant's credit score is high enough?
I just listed a 3br house for rent. Until now, I haven't thought about how to handle it if not all of the applicants meet my minimum credit score. Should I just deny them all? Or, should I accept with conditions if on...
Duarte Marques
Is it possible to get DSCR Loan without credit score and other factors?
Hey BP community, I'm new to real estate investing and have been studying (reading books, watching webinars, constructing excel cash flow models,...) close to a year. I'm a recent graduate and I was wondering how can ...
Sami Gren
What's your credit focus by choosing a tenant
Would like to hear from you all experienceday landlords.When you are looking for a tenant what are you looking that the credit report should be?For the example if they have a late payments on a credit card, a problem ...
Dave Chow
Family group with one eviction
We are having a duplex to rent received an application group.
I would like to know if we should accept this application group.
Husband: credit score 650, income $5000/MO,
Wife: credit score 600, income $3800/MO,
...
Elad Messing
HELOC for investing-limit lower than expected. Continue looking ?
Hi all HELOC experts :)We are in the process of getting a HELOC for our primary, to be used as cash-equivalent to fund investments. After shopping, we opted for one bank however they just came back to us with the prop...
Jeremy S.
Removing Credit Inquiries from credit report
I would like to get a couple inquiries removed from my credit report that I legitimately applied for. I have read that you can send a letter to creditors asking to see the paper you signed for the inquiry and if they...
Janet Gonzales
Bad Credit - No HELOC
My current situation; I have over $250,000 in equity and can't get access to it because of bad credit. Attempted HELOC but NO GO... I don't want to sell..
Want to invest with the cash and rent my property that wou...
Cameron Riley
Do you Run a Credit check; Why Or Why not?
- Credit Checks are a major deciding factor? - Have you ever had success without running a credit check? - Great applicant, with poor credit, that’s the only issue, would you take a chance on him?