Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

55
Posts
6
Votes
Rafael Brown
  • Ashburn VA
6
Votes |
55
Posts

In need of some guidance on lending

Rafael Brown
  • Ashburn VA
Posted
Hello fellow members, Ok, here we go. My family and I are relocating to another part of the country in July of 2017. The plan is to rent a home for a 1yr or 2 to save more cash. We do have a significant amount saved however we need a bit more to purchase the homes we are looking at. Now, with that being said while we are renting I plan to purchase rentals under 50K to rent out using our personal credit. We have Great income (w2) but I want to purchase 5 properties a year under the 50k (if your not open to this type of investing then just moving on, sorry for being blunt). My question is how would this work with a bank? Meaning if I have 5 or 6 rental properties under my belt would it stop me from buying a home personally? Would it effect my debt to income ratio and not allow me to purchase a home personally? Best Regards,  Rafael 
  • Rafael Brown
  • Loading replies...