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Hello,Would anyone be willing to share his or her scoring system when evaluating applications? What variables do you consider, how much weight do you put on each variable, etc.?We have a portfolio of lower-income ren...
I recently arrived in the US, on a visa. So I don’t have any credit history yet. However, I am highly interested in the US real estate market, and I do prefer to go for leverage rather than a huge down payment.What wo...
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Hello everyone,
I have heard in a previous podcast that there are lenders that can refi a rental based on the equity and income of rental and not so much on the credit score of the owner, Is this a myth or true and...
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Hello,
I am in the process of declining a prospective tenant for a few reasons. Mainly, their income does not seem sufficient and they have only been with their employer for 4 months.
This brings me to the question...
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I'm looking for financing for my first deal. I'd like to get pre-qualified before I make any offers on properties.
The problem is that I have no real income history. I'm a student with a very lucrative job lined up ...
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Hi, what's the best site to get a tenant's credit score? and is it free? Also, is it important to check criminal history? if yes, what's the site to do so?Thank you!
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I fix up properties and sell them or keep them depending on what's best for me and my family at the time. I, more than often, have a partner to split the headaches with and most of the time things go well. On my cur...
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Greetings All! My brother and I are 2 weeks away from completely renovating our first rental property in Petersburg, Virginia. What’s even better is that we used our own money so we don’t owe anyone. We suspect from...
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I have just acquired through 14 units (3 different properties with 3-5 units per). I am coming from another profession and while I have some experience in commercial real estate I am new to residential.I used a scree...
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Does anyone have any recommendations for minimum credit criteria? Obviously, I don't want to exclude my entire market, but I also want to avoid problem tenants. For reference, this is a 9 lot MH park in Florida. Mobil...