Clint G.
Credit score dropped like a rock after 5th property!
Hey team!I bought 3 properties last year giving me a total of 4 investment properties, plus my personal home. When the bank opened my loan on my 4th investment property, my credit score dropped 90 points. This has NEV...
Matthew G.
Taking advantage of 0% APR credit card offers?
Hello all,I am new to the BP community. My partner and I are looking to invest in a multi-family property in the Seattle area. We are currently searching and analyzing properties on the market.My question is regarding...
Emily Fraser
Credit score dropped over 110 points for no reason?
Hi everybody, I'm a newbie looked to purchase my first rental property with a conventional loan. I applied with a few lenders and they pulled my credit score. Both commented that I had an excellent score, in the high ...
Cooper B.
Tenant screening with SmartMove, good credit score but bad debt?
I don't have much experience with tenant screening but I came across something today that I can't figure out.I pulled a credit report from TransUnion / SmartMove on a potential tenant. They recommend that I accept th...
Alvaro Leis
Origination charges on a conventional loan
Hello I am new here and about to get our first property which is a duplex, $115k purchase price with a conventional loan, 20% down payment and interest is around 4.9%.I received the closing disclosures from the lender...
Chris D
Get credit score for all three agencies
Does anyone know the best way to get my personal credit score from all 3 agencies?
Ideally, I'd like to get the score for all three agencies and then be able to monitor changes on it for the next month or so. But it...
Ron Le
Need an opinion from brokers on this refinance loan
Hello everyone,I really appreciate the existence of BP platform, I've been learning quite a lot the last 3 months and just decide to invest in Columbus, OH and just closed on a double units rental property. I bought i...
George P.
"Our credit was already pulled" question
Just spoke to a person (who BTW tried to downplay our property right away (it's been on the market for so long (1 week)!!! and we're never gonna find people with good credit who will pay this much!!!)) who advised tha...
Andrew Willits
Two tenants with below 600 credit scores with solid income
Due to COVID we had a solid tenant just move out. We have been doing showings and the best applicants have solid income we verified by paystubs that is 4X the rent. The issue is they have low credit scores below 600 b...
Russell Brazil
What's Your Credit Score?
A huge misconception people have is that they have 1 credit score, or that they even have 3 credit scores. The credit scores that lenders use are from the Fair Isaac Corporation, FICO. Any scores attained from other...