All Forum Posts by: Mike Rivera

Thanks for replies, I only was considering because a year ago I purchased my home under FHA and my credit to debt ration is to high for conventional financing so was trying to a find a different way. Thanks again, i will continue to be patient

I have an opportunity for a sub to deal on a home that is appraised at 205k but the mortgage is at 237k. Rents in the area are min 1400 and max 1600. Monthly payment on this home is 1547. I wanted to ask if its smart to take a possible small cash flow hit as well as overpay for a property just to land my first deal? Is this normal for sub to deals? Or is this not the norm and should I be patient and wait for a deal that maybe really is a DEAL. Any responses would be greatly appreciated, thank you

No it was a single with an attached apartment. Thanks alot for lthe answer, guess il wait it out a bit

I just purchased my first property it will be my primary residence. I was thinking about my next property to buy ( im bran new to investing with only my 1st home) how can i get financing on another property when my debt to income will be so high since i have a new house i just bought? Do i have to wait to start investing or are there ways that this new house wont have me stuck for awhile. Right now im in the sages of trying to learn all I can but i want to get started soon, just not sure if this house will hold me back