Rent a house with bad credit

Rent a house with bad credit

If you need to know how to rent a house with bad credit, it’s possible. You have an uphill climb, but renting a home with bad credit isn’t a completely hopeless cause. Here are some tips from a landlord.

How do I know it’s an uphill climb? Other landlords ask me if I’d rent to someone with bad credit. But what I’d tell you is probably more valuable to you than what I tell them.

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What salary do I need to buy a house?

What salary do I need to buy a house?

What salary do I need to buy a house? I struggled with that question in my 20s and it probably kept me renting a year or so longer than I really needed to be. Then again, considering the housing crisis of 2007-2008, renting a year or so longer was a small price to pay to avoid potentially making the biggest financial mistake of my life.

One of the reasons for that financial crisis was not enough people asking that question. A second reason was banks being dishonest about the answer. For the record, I think buying a house is a good idea and it’s worth it. But you have to be sane about it to keep from getting into trouble.

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Commodore financial history, 1978-1994

Commodore financial history, 1978-1994

Commodore’s rise and fall are legendary, at least to people like me who grew up using their computers. Putting numbers to that rise and fall was more difficult. I dug up the Commodore financial history from 1978-1994 to help quantify that spectacular rise and fall. Read more

Pay off investment property

Paying off debt involves some nasty math, and when you go to pay off investment property, it’s no exception. That’s why it’s so controversial. When I was in college, my university used this kind of math to weed students out, so it should come as no surprise that the lending industry booms, and so many hucksters make a fortune hawking questionable ways to get out of debt.

I have a better way, and you won’t pay me anything for the advice. Read on.

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Can you afford that house or apartment?

Declining incomes have more people paying a higher percentage of their income in rent than in the past. I blame the recession. And what caused the recession? People getting in over their heads, buying more house than they can afford. I blame the big banks for that, because I personally experienced it. If I’d bought the kind of house loan officers were telling me to buy in 2002, I’d have been foreclosed on, too.

Here’s a very easy way to figure out whether you can afford a particular place. Read more

How young is too young for a credit card?

MSNBC columnist (and one of my former college instructors) Bob Sullivan asked an interesting question last week. How young is too young for a credit card?

I think the credit industry used to draw the line somewhere around age 19 or 20. But things changed a lot in the 1990s.
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Twice-monthly mortgage payment alternatives

The debate whether making a twice-monthly mortgage payment saves money is making the rounds on some popular blogs right now. The idea is paying your mortgage every two weeks rather than every month in order to save money. Whether this trick works depends on several things, but the most important part is that you shouldn’t pay a penny extra for this service. You should also consider twice-monthly mortgage payment alternatives.

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