All Forum Posts by: Cassidy Burns

Welcome @Brandon Kelly

@Matt Clark Great advice.  I really appreciate it.  It seems like there are a lot of homes available in the William Flemming and Patrick Henry school districts.  Any input on these areas?  Also do you have a recommended property management company that works well with out of state investors?

Thanks!

Hi BP,

I have really been studying the Roanoke and Salem Virginia markets and it seems to have good values and the numbers work.  Does anybody have any input on which neighborhoods to avoid?  Which neighborhoods seem to be the most popular, etc.?  

Thanks guys!

HI BP,

My soon to be private money lender just applied for a HELOC on their current residence. Their home is 100% paid off and will appraise for around $90,000-100,000. She currently has a Home Equity Loan with a remaining balance of $7,000. She went into the bank today and she said they could potentially approve her for $40,000 due to her DTI. Does this play a role? This number seemed low.

Advice on other steps/options we could take?

HI BP,

My soon to be private money lender just applied for a HELOC on their current residence. Their home is 100% paid off and will appraise for around $90,000-100,000. She currently has a Home Equity Loan with a remaining balance of $7,000. She went into the bank today and she said they could potentially approve her for $40,000 due to her DTI. Does this play a role? This number seemed low.

Advice on other steps/options we could take?

HI BP,

My soon to be private money lender just applied for a HELOC on their current residence. Their home is 100% paid off and will appraise for around $90,000-100,000. She currently has a Home Equity Loan with a remaining balance of $7,000. She went into the bank today and she said they could potentially approve her for $40,000 due to her DTI. Does this play a role? This number seemed low.

Advice on other steps/options we could take?

Welcome @Rodricka Elliott!

Welcome to BP @Danielle Toval

Welcome @Kayla S. McNeill.  You are going to love it.

Hi BP,

I just wanted to share a success I had earlier this week. After calling multiple (8-10) smaller community banks, I finally found a lender that keep in house. They are going to be able to lend me my next 10-15 properties without factoring in the DTI. Very excited about this!

PS: I found this lender by posting on facebook @Brandon Turner. Thanks for the advice BP.