Non-owner, no income, no problem! CV3 The world of real estate investing is brimming with opportunities, but traditional lenders can often act as gatekeepers, demanding pristine credit scores and...
Credit Score
Credit Score
Understanding the Funding Game Players—and Changing the Paradigm as a Real Estate Professional
If you are going to master the Funding Game, you have to know who it is you’re playing with. The truth is funding is a game—one with the highest of stakes and where survival is paramount. Among the...
Financial Wellness Is the Next Big Trend
Being financially fit can change the game for real estate investors. You’re interested in real estate investing, right? But, did you know that understanding your financial health is just as...
The Credit Score Myth
Getting fundable is more than just having a good credit score. Lenders make the most money when they lend money, right? Then why does it seem like they want to keep borrowers in the dark about how...
Why Using Credit Scores to Screen Tenants Is a Big Mistake
Everything and everyone in the property management industry teaches us to use credit scores to screen tenants. We are taught to pull credit scores and rent only to prospective tenants with good...
How to Get a Hard Money Bridge Loan with Bad Credit
If you’re a borrower looking for financing options for your investment property, your only options are to reach out to conventional institutions (banks), mortgage companies, and direct private money...
Understanding How Mortgage Companies Use Your Credit Report
Most people interested in purchasing real estate don’t have the cash to do so alone. Although there are several ways to acquire money, obtaining a mortgage is the most common. If approved, a loan...
Placing Tenants with “Thin” or No Credit
Most landlords consider working with tenants with less-than-perfect credit part of the job description, particularly when interest rates are low and a higher proportion of high-credit individuals...
FHFA Gives Up on Credit-Scoring Overhaul
The Federal Housing Finance Agency (FHFA) announced this week it will suspend an initiative dedicated to updating a credit score model used by Fannie Mae and Freddie Mac. The updated model would,...
The Credit Secret They Don’t Want You to Know
Dallas, Texas – A simple error on a loan application can cause banks and other sources of credit to simply toss your application out without ever evaluating your creditworthiness. “I remember when I...
