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Updated over 6 years ago on . Most recent reply

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Marcel Hudson
  • Rental Property Investor
  • New Orleans, LA
1
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Investment decisions need help

Marcel Hudson
  • Rental Property Investor
  • New Orleans, LA
Posted
Need some advice. I'm currently in the military and looking to invest into a multi-family unit using my Thift Saving Plan as maybe a downpayment to get start. My concern is I already have 1 property townhouse being rented out and another property single family home that I'm ready to close on at the end of the month. I want to pull from my Savings Plan to begin investing but not sure how to go about it looking at my debt to income ratio and having the two property. Too many thoughts running through my head and just want to make a conscious decision.

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,413
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

You need to discuss this with a couple of lenders.  Remember, the Lenders business is to sell debt programs.  Not all programs/terms are the same.  Keep looking at different lenders until you find one that gives you what you need at a price (terms) that makes cents...I mean dollars...to you.

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