All Forum Posts by: Account Closed

I could refi and get plenty of cash out, and my house would rent very easily. My lender told me he needed two years of rental history before he could deduct the current mortgage from my DTI. Because of that, I am going to see if another lender has a different take on it.

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Shuchi Agrawal Hi Shuchi, I'm in north Fort Worth near Keller. Please add me to your email list, I am looking in your area. It won't let me post my contact here, but can you pm me?

1 Vote

@Huw McDonald

The difficulty for me right now is getting financed for a second house. Once finance is in place, then I can start making offers. How about you?

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I totally agree, and honestly she would certainly agree to do it if I asked. But I know that she would be quietly miserable about it and I want her to be happy. It's really a restriction I placed on myself more than anything. She is the whole reason I'm doing all this in the first place, and if it makes her unhappy then it defeats the point for me.

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Tom Sanders Thanks for clearing that up. I am looking in the area just south of you, Keller/Saginaw .

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Good to meet you. I live in Fort Worth and work in Dallas. Working on my second house now and it ain't easy!

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Chris M. Ah, yes that makes sense. Yeah my lender told me he had to calculate it as a payment of 1% of the loan balance monthly. That's an awesome idea, let me ask my lender on Monday. Thanks!

1 Vote

All Forum Posts by: Account Closed

Account Closed has started 7 posts and replied 51 times.

Post: Leasehold properties?

Post: Wholesaler from Texas

Post: Dallas Fort Worth Investors

Post: The 2nd property is the hardest

Post: Real Estate Agent and Investor in Dallas

Post: New Member from Dallas, TX

Post: The 2nd property is the hardest

Post: Does wholesaling work in every market?

Post: New Member from Dallas, TX

Post: The 2nd property is the hardest