All Forum Posts by: P. Martin
P. Martin has started 13 posts and replied 125 times.
Post: Problematic Tenant Asks For Dog Despite No Pet Policy
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
Sometimes being right is more expensive. A court battle, no rent and potential vandalism seem more expensive than a bribe to me. Not my property though.
Would also obviate needing to move anything onto the yard.
Post: San Antonio foundation repair recommendations?
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
Looking for a contractor to level a pier and beam and pull the permit.
Post: Problematic Tenant Asks For Dog Despite No Pet Policy
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
Cash for keys and her voluntary quitting of the premises?
Post: Owner Occupied Condo. Mid 600s scores. 1099 contractor
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
Originally posted by @Mindy Jensen:
This is a tough situation, @P. Martin. My husband and I are in a similar situation, but with a higher credit score. He has had the same job for the last 12 years, but circumstances changed and he is now a 1099 employee rather than a w-2. Every bank we have talked to has said the same thing, they need two years of tax returns from 1099 employment before they will even look at giving you a loan. We have extremely high credit scores, mid-800's and have used the same lender for the last 7 transactions and they cannot bend.
There are a few options I can think of: A co-signer, a credit union, family/friends lending you the money until you have the two years of tax returns.
If none of this is an option, I think you should concentrate on raising your credit score while you wait the two years. Have you gotten a copy of your credit report in the last 365 days? You are entitled to one every year, and it is good practice to check it out every year. You can make sure there isn't any incorrect information on the report that could be negatively effecting your score.
Do you have a high debt-to-credit ratio? If so, concentrate on lowering those outstanding balances. Do you pay off your credit cards every month? Try having a small balance for a couple of months, and make sure you make the payment on time every month. That can knock your score, too.
Good luck!
Does a cosigner actually help? Seems like I still need to qualify anyway even with one?
Post: Owner Occupied Condo. Mid 600s scores. 1099 contractor
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
Not really no. Was looking more for suggestions on options or feedback on if anyone in similar circumstance had success.
Not exactly looking to hammer my credit with inquiries through all the programs in a fruitless endeavor.
Post: Owner Occupied Condo. Mid 600s scores. 1099 contractor
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
I'd like to purchase a condo to use as my primary residence for ~80k. Last year I had a w2 job, but am now working as a 1099 contractor. Credit is mid 600s depending on where I am looking.
Suggestions on how I could make this happen?
Post: Owner Occupied Condo. Mid 600s scores. 1099 contractor
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
I'd like to purchase a condo to use as my primary residence for ~80k. Last year I had a w2 job, but am now working as a 1099 contractor. Credit is mid 600s depending on where I am looking.
Suggestions on how I could make this happen?
Post: Help!! My Wife Only Gave Me $10K
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
What is the roi on divorce?
I'm kidding I'm kidding!
Post: How I lost 30k in one day by getting fooled by a con artist
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
Your greed got the best of you. This falls under the "If it seems too good to be true" maxim.
"The reason why I gave home my cc was because I believe him that he could get me homedeopt gift cards at 40% discount and I wanted to buy them from him."
Post: Large k-12 Charter School Being Developed Across Street
- Residential Real Estate Agent
- San antonio, TX
- Posts 130
- Votes 44
There is an old rail yard across the street from my property. Construction is just now beginning on a huge k-12 charter school.
Can't say I am too happy about the fact that someone decided it would be a good idea to include an entrance on my street(a small and fairly narrow residential street which does not need additional traffic).
My personal feelings aside, any thoughts on whether this will help or hinder the neighborhood? It's currently a pretty run down neighborhood of older homes from the early 20th century. Close to downtown with nearby signs of gentrification.