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Updated over 8 years ago,

User Stats

10
Posts
2
Votes
Dylan Anderson
  • Investor
  • Portland, OR
2
Votes |
10
Posts

Qualify Question

Dylan Anderson
  • Investor
  • Portland, OR
Posted
New to BP. Cool site. I have been prop investing since 2008. 3 places for 7 units. Going great. Only issue is qualifying always is based on personal income and reaching my max ability to qualify based on income not on assets but they never use assets. I put all my places in separate LLC's but I know I can't loan against these. How do people qualify otherwise or am I missing something? Obviously prefer the fha conventional loan so always invest below a 4plex. The income from the units is not enough yet to be substantial, say gross of $7k and net of $2k per month for all places. Any advice really appreciated. Thanks.

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