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Old 04-12-2012, 07:48 PM
 
Location: North Las Vegas NV
499 posts, read 1,058,120 times
Reputation: 327

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[quote=007 license to sell;23826187]These are different times now, most landlords don't look at credit scores anymore. They look at job history and if you are currently on time with financial obligations. Analysts say that roughly 90% of Vegas people have poor credit due to foreclosures, short sales, bankruptcies. If they were to go on credit score only they wouldn't be renting to hardly anyone.

I have clients that make 6 figures that have had their credit scores dinged due to a foreclosure or a short sale.
As a potential land lord you need to know what is happening with some websites that you can advertise your rental on.
[font=Courier New]Beware of Rental Scam on Craigslist - Landlords and Property ...

Just curious where you got this statistic or are you just pulling a number% out of thin air.
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Old 04-13-2012, 02:10 AM
 
2,724 posts, read 4,756,824 times
Reputation: 1042
Less homeowners = More renters
Inventory restricted = Less rentals for investor purchase
Gov't taking shadow inventory = People will be renting from the gov't
No homes for first time buyers = prices will rise
Gov't sells homes = $$$
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Old 04-13-2012, 11:24 AM
 
Location: Sunrise
10,865 posts, read 16,960,118 times
Reputation: 9084
Quote:
Originally Posted by ft_chief View Post

Just curious where you got this statistic or are you just pulling a number% out of thin air.
I swear there's a Realtor's Daily Statistical Report out there somewhere that they all subscribe to.

Realtor's Daily Statistical Report

Today's Buzzword:
synergistic leveraging
Today's Obscure Statistic: 90% of people with poor credit have poor credit because of a recent foreclosure
Today's Fun Fact: The real estate market has obviously hit bottom, according to Bottomwatch Marketing, the world leader in predicting the bottom

etc. etc.
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