Francis A.
Experian helps tenants build credit history when they pay on time
Increasingly, tenants are requesting that their on time rent payments be reported to the credit bureaus. In the case where a landlord isn't signed up to do so, Experian recommends that tenants sign up with any of the ...
Account Closed
Fraud Alert: BlueSky Lending LC
@Joshua Dorkin Recently got an email from someone who claimed to be affiliated with the company BlueSky Lending LC and that they might be able to finance a certain deal I was putting together.Had been conversing with ...
Tarik N.
Moving properties to an LLC to avoid hitting property limit
Hello,
I have 6 investment properties overall and am having difficulty obtaining a-line of credit on one of them because of the banks’ limit on how many rental properties you can have to lend to you. I am in the proc...
Jim Arnold
Pre Approval Letter
Hello all, when obtaining pre approval for a conventional mortgage does the lender state a specific time frame or place an expiration date on the approval amount? If so, how long is the approval usually good for?
Matt Ward
Securing Guarantor with 50k/m Profits and No Credit
Hi guys, looking at several MF properties and in a pickle. Business is bringing in 40-60k profit a month and looking to invest but lack credit history for conventional commercial lending.Paid for college out of pocket...
Kate Moreland
Bank accounts - per unit or per property?
Evening all :) We just got our second duplex under contract this morning, so I'm starting the to-do list of what needs to happen before we move in (house hacking again). I know a lot of people recommend having a sep...
Macen DiPaolo
Looking for Lending/Funding Advice
Hey BP!
I have a deal that seller will agree to hold a note at 4-5% interest on a duplex(one unit vacant and other unit is efficiency at $325/m) that they own outright. Plan on giving 10k down, then doing roughly 100...
Seidu M. Lawal
As a beginner to real estate
As a beginner to RE, how do you get good credits when you haven't bought any property yet, and never took a loan before??
Joe M.
What am I doing wrong? Cash out refi
Hi BPIve never done a cash out refi before, so not sure exactly the process or how to make it work. I get the concepts of it. It seems easy enough. I just got done talking to my bank and a bit surprised at what they...
Lee M.
Background and credit Checks
Do you guys run a credit and background check on every applicant? I have several rental properties, and I am inclined to not run background or credit checks on students that are in professional graduate school (medic...