All Forum Posts by: Dustin Allen

Welcome to BP & good luck to you in your new adventures!

I have had 56% DTI myself. As Jake said earlier, my situation was pretty similar. I was buying a property for about $320k and I previous home was being rented out with a mortgage payment of $2600. The rental house did not have 20% equity or 2 years on my tax returns so i was unable to use that property as income.

It was approved as the underwriter took a look at the whole situation and was pretty confident with us.

Thanks for the replies.

Yeah i was looking for something like slidehare. that is pretty nice. I will have to try that for my next video. I just used windows Video maker for my first one.

thanks again

Hi guys,

does anybody have any suggestions for any online presentation creators for a YouTube Video?

thanks,

Dustin

I agree, im sorry it was a very general statement. I should have stated that most advertising is "moving to" social media and SEO.

There is still a very big traditional market, but i believe that companies will be spending less and less on traditional adverting such as radio and tv ads due to things such as the DVR and Pandora/iTunes. I do see many companies moving away from those traditional advertising venues. Even television ads now say "like us on Facebook", and do not even have their company website listed, just the Facebook link.

I would vote for #2.

Kinda along the lines of what Braden said, most advertising today is all SEO and Social Media, so it doesn't really matter if it has a hyphen, IMO.

I just read this book called Likeable Social Media. Its simply amazing.

here the link to amazon for it. I got it on my iPad for like $8, and was able to finish it pretty quickly.

Well he has only made two payments. Im trying to get approved now, not in 2 years.

well i can try to find some homes that are f&c and try that route. But Im looking at a specific home, not just any house i can get my hands on.

As far as rental income, its not going to show up on my taxes. he takes the write off. So, there will never be two years of it on my returns as a rental property. And He pays via a loan servicing company.

Hi All,
need a little advice. My wife and I purchased our home in california last year with an fha loan. My wife was offered a new job in las vegas and she took it. We rented a house and I am still commuting at my job in California. I do have the ability to transfer when the time is right. So, once she took the new position we sold our home using a land contract, which im carrying for 5 years.

Now we are looking for a new home in Vegas. I have talked to maybe 20 loan officers, every single one saying something different.

I can do 10% down if needed to, maybe even 20%. I would prefer to get an FHA loan though. Now all the loan officers ive talked to are trying to treat the sale of the property as a rental property. With that being said, you need to have 25% equity or 2 years on taxes to use the rental income, which there is neither. So the problem is that without the "rental" income were at like 56% DTI. So ive been told regardless if i put 3-20% im still over my DTI

is this correct? Any other ways?

thanks