All Forum Posts by: Cade Andrew Howe

@Ryan J. Shope

I was told I can't use my rental income due to owning my properties for under 2 years. My DTI ratio is low since I work overseas with free housing, food etc. No fixed bills either. I'm going to give a few calls and find another lender. Like Sean said I think it is an internal restriction

@Stephanie P.

Oh I did not know that! I will definitely look for other lenders. That’s such a relief lol

Hey everybody,

My question is how do you secure financing after your fourth conforming loan with a bank? I understand most people go to portfolio lenders to acquire more units but they typically come with ballon payments which you need to pay off the full balance between 5-10 years.

@Fred Engh I did not factor in moving costs associated with property management. I took a ball part percentage for the cost of property management in my area. I’m going to call around today when management offices open up and see what their fees are

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Hey everybody,

I am currently in the negotiation process for a SFR in the Clarksville, TN area. Everything looks good on my analysis and am showing an 11.55% CACROI for the property which is the highest I have been able to come up with for a while. The owner has agreed to my asking price but I am still getting the feeling my expenses are too low for what I budgeted. Let me know what you guys think about my analysis. Any information or advice is appreciated.

Hey everyone, My name is Cade Howe and I have a simple question about mortgages. My parents are going through a divorce and the only thing keeping them tied together is their mortgage hey have together. I told my mother I could take the mortgage from them and help kickstart my real estate investing journey. My question is what is the process required to transfer the mortgage to my name. I live in Cadiz, KY zip code 42211. The house mortgage is 280,000 and the value of the home is 350,000. Thank you everyone who responds.