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Updated over 8 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Joe Flotta
  • Real Estate Investor
  • Arnold, PA
2
Votes |
10
Posts

conventional mortgage

Joe Flotta
  • Real Estate Investor
  • Arnold, PA
Posted

hi bp'ers

i am trying to find a loan for 90,000 but my debt to income ratio is a bit high as i've been putting most of the profit from 14 units back into them. i've aquired them in the past 2 years so it's been somewhat compressed. they're all rented and i'm pulling noi of approx 2500/month.

i have 30k cash and i'm looking for help. this would be for my primary residence. believe it or not, the house is being sold by my ex and i don't want my kids to have to move so i waould just move back in once she's out. 

the house is in a top school district and in a desirable location. it would definitely appraise around 120k.

thank for any help!

joe

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