All Forum Posts by: David Mohrmann

Biggerpockets family, I’m planning on purchasing a duplex, living on one side while keeping the established tenant in the other. Do hard money lenders lend on owner occupied multi families? Or just tenant occupied?

Harjeet Bhatti thanks so much! Really clears a lot up. Would they apply the same % even if it wasn’t currently rented?

Biggerpockets family, I’m planning on purchasing a duplex, living on one side while keeping the established tenant in the other. Will the lender use the rent that is currently being collected in establishing my DTI? Is there a difference for conventional or fha loans? B. I also have a SFH, which I have rented out for the last two years, will this income be included in my DTI? Thanks!

Melvin List thanks for your response. After viewing my original post, I felt I needed to be more clear. I currently own a SFH that I rent out. I’m looking to get into a multi family, one unit to live in and the other units to rent out. Going back to my original question, would the rent from the multi family be included as well as the rent from the SFH, in a fha loan or any others? Thanks!

Biggerpockets family, Do any lenders take into account the rent from the other units when determining DTI for the borrower? Also, have had an apartment rented to a tenant, not the same one, for the last two years, is this income included in the DTI? Looking specifically at the 3.5 FHA on a duplex or tri, after the BP preachers have spoken it’s word for so long to really amp up any type of rei. Thanks for your help!

Rabbit hole

Danny Herrera I would 100% stay in the Ft Bragg area. Rdu is great, but it’s very expensive. You have a captive audience with your fellow soldiers and would be easy to hire a property manager to look after both of your properties, if you so choose. I’m looking in the Ft Bragg area from advice from friends in the military.

Does anyone have a copy of a tenant move out checklist they give the tenant with a dollar amount for each violation? Ie: replace lightbulb $10, etc

Dan Shelhamer Great work! Inspiring!

Do any investors accept negative cash flowing properties? If so, why? And also, is there a limit on the negative cash flow you accept before selling?