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All Forum Posts by: Charles Hathcock

Charles Hathcock has started 1 posts and replied 5 times.

Quote from @Wade Freeman:

Hey Charles, you're in the same boat as a lot of real estate investors starting out. DSCR loans are a great way around high DTI!

Also, to clarify is it your credit or dti causing you the problem?


Hey Wade, my DTI is really high which is causing my credit score to drop.

Hello, We have 2 homes so far, one is rented out and we live in the other. Both are FHA as the bank said it was legal since we lived in the first home for more than a year. My problem is that my credit score has tanked due to my DTI (Debt to Income Ratio). I have 2 vehicles and 2 homes in my name along with other credit cards for rehabs. Can I put one or both of the home loans into an LLC? I just called today and both lenders said that the LLC couldn't assume the loans. There's got to be another way around this, we just don't know of it yet. Any advice is greatly appreciated.

My lenders are Wells Fargo and Safe Credit Union.

Hello; Are you continuing to meet into 2021?  If so, can you share how to join?

Post: Personal finance for teens

Charles HathcockPosted
  • Posts 5
  • Votes 2

if you could add a vlog about what to do with the earnings from your first job, that would be hugely beneficial.  Ohio legal at to work is 14 and 1/2.  i think some younger individuals (younger than 15) would also be interested in your website.

mechanical engineering piquing interest in REI.