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All Forum Posts by: Alan Frye

Alan Frye has started 3 posts and replied 7 times.

Post: Applying for heloc before applying for loan

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

I didn’t think of that @Kerry Baird thanks for the extra set of eyes

Post: Just did a cash out refi now what lol

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

Just did a cash out refi and am Now looking in my market for a rental property since I was told I couldn’t move unless there was some sort of life changing event  

Post: Applying for heloc before applying for loan

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

I actually did a cash out refi but now I’m trying to figure out how to invest in my market but was told I couldn’t rent out my primary residence unless there is a life change that would warrant it

Post: Applying for heloc before applying for loan

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

Thanks for the help I’m loving this community

Post: Applying for heloc before applying for loan

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

Hey peoples. I want to get a heloc to use for down payment on another house but don’t know if it will negatively affect my debt to income ratio when applying for the conventional 30 year so should I apply for loan first then heloc or vice versus?  Any help is appreciated

Post: Buying row home in Baltimore

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

Thanks for all the help I will definitely take all this into consideration 

Post: Buying row home in Baltimore

Alan FryePosted
  • New to Real Estate
  • Hyattsville
  • Posts 7
  • Votes 1

Hey first post. I’m looking at a fully renovated 4/bd 2/ba asking price 129k in Baltimore city and looking to buy and hold but am worried about finding a suitable renter that’s can pay 2k a month. Was thinking section 8 for the guaranteed rent. But also should I use cash for down payment or heloc from my primary residence to get the conventional loan to Purchase this property? Any advice would be greatly appreciated