At the moment, my husband and I are expecting and looking to rent a home or apt. in New York City. However, we have HORRIBLE credit and have become quite discouraged. We make over 100K combined, but just seem to get turned down left and right. It's becoming more stressful for us, with the baby due. Any advice on where to find a deal or on an approach to take??
2006-08-30 08:57:20 · 7 answers · asked by politicalsruh 1 in Business & Finance ➔ Renting & Real Estate
To update the questions, we are not at the moment doing anything to rebuild. We plan on doing so, however. I have a guarantor, but her income (my stepmother) is only 35K roughly. It doesn't seem to be enough.
2006-08-30 09:10:44 · update #1
Are you also doing something to rebuild your credit?
2006-08-30 09:06:11 · answer #1 · answered by Smarty Vero 3 · 1⤊ 0⤋
If you can find some one who can do a rent to own..., that would be the perfect way to buy a home since your credit is not so good right now. By the time your contract as a renter ends your credit can be in a better shape. You guys really should work on fixing your credit !
2006-08-30 09:49:12 · answer #2 · answered by Princess 2 · 0⤊ 0⤋
No, this does not impact the condo cost, through fact the cost has already been set, Landlords have a lease roll and would desire to have a definite funds flow, so the cost is already set, they're going to benefit from having an rather good tenant, that is approximately it. that's in comparison to while procuring a house, given which you have been to purchase a house, you're taken care of extra advantageous as a techniques through fact the interest fee is going, you will get between the backside expenses through fact of your intense fico score, maybe you need to appear into procuring a components, although in case you may desire to discover somebody assist you qualify, if no longer you may flow reported earnings to purchase it with the help of your self. there are a number of large ideas and opportunities, in recent times. Take care and good success.
2016-12-17 19:52:56 · answer #3 · answered by ? 4 · 0⤊ 0⤋
In MA we can't take a security deposit greater than 1 month's rent. Not sure about NYC. What I offer to potential tenants with poor credit is a cosigner. If their Mom or Dad (or other close relative) will vouch for them ,then that works for me! Honesty is the best policy with your prospective landlord, they'll find out about your credit when they do a check anyway!
Good Luck!
2006-08-30 12:36:55 · answer #4 · answered by clueless 3 · 0⤊ 0⤋
Offer a very large security deposit, or rent in a neighborhood that is not going to have an expectation of good credit (i.e., a poor neighborhood).
2006-08-30 09:33:43 · answer #5 · answered by goicuon 4 · 0⤊ 0⤋
1/ Offer a guarantor.
2/ Offer to pay rent as direct debit from your account.
2006-08-30 09:02:00 · answer #6 · answered by boston857 5 · 0⤊ 0⤋
you probably better off buying a house start here and see what happens best wishes
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2006-08-30 09:33:48 · answer #7 · answered by Anonymous · 0⤊ 0⤋