All Forum Posts by: Eric McArthur

 Hi Matt,

I used an DTI calculator that I found online. It's stated that credit card debt as well as rent where to be included in the DTI calculation. My current rent is $2150 with my half of the rent being $1400. My total credit card bill comes to about $3200 a month with rent included in that.
Please advise if I am doing this calculation correctly thank you!

I may be calculating it wrong but I pay $1,400 in rent and have about 3,000 in expenses total. However I am able to pay off all my credit card debt every month before it gets reported to the agencies. So technically, if possible could I have a 0% DTI? In my research I have seen it stated that DTI pulls credit card a debt, rent and multiple other factors that currently don't apply for me.

Am I doing this calculation wrong?

Hello Chris,

Thank you for the rough estimate. Even with this being rough calculations, it is helpful to see the equation.

Hello Ethan,

I currently have 1 year of income making this salary.

Yes, it is W2 income.

27 year old male, 730 credit score, 40% DTI, no student/car/medical debt, first time home buyer looking for estimated max loan amount

Hello,

I understand that this is a case by case question with many variables involved.

I am a 27 yr old.

I make currently $67,200 gross annually.

I live in CA and am looking to invest out of state in either OH or FL. Looking to invest in multi family rental properties (2, 3, 4 units)

First time home buyer, looking for an investment loan or an FHA loan if I can find something local (unlikely but not impossible).

I understand there are different rules/regulations per state but am looking to get a general idea of what I can expect for a max loan amount to be able to strategize.

Would like to get some internet wisdom before I go through the pre-approval process, shop around for a loan and have it effect my credit score.

Thank you for the time.

Hello,

I am currently in the process of building a We Buy Homes for Cash-style website. This is my first time attempting to build a website so I am taking all of the advice I can get. My partner and I have already secured a domain on GoDaddy and an email for the site however all of the website builder tutorials I have watched have been for full IDX/MLS listing real estate websites. In an effort to start a direct mail marketing campaign, we are trying to build a site where our customers can come to sell their homes to us and we can buy them with quick cash offers. This will be after we target certain groups within the area we are trying to buy and send out direct mail to their homes. We plan on doing business locally within our area and only plan on taking on 2-4 projects a year. I have noticed that quite a bit of the sites are being made through WordPress and was wondering if it was possible to be done through just GoDaddy's website builder. Also if it has to be made through WordPress it would be quite helpful if anyone could send me a place where I can get templates and resources to figure out the steps for what I'm looking for.

Thank You for the time!

Hello,

I am currently in the process of building a We Buy Homes for Cash-style website. This is my first time attempting to build a website so I am taking all of the advice I can get. My partner and I have already secured a domain on GoDaddy and an email for the site however all of the website builder tutorials I have watched have been for full IDX/MLS listing real estate websites. In an effort to start a direct mail marketing campaign, we are trying to build a site where our customers can come to sell their homes to us and we can buy them with quick cash offers. This will be after we target certain groups within the area we are trying to buy and send out direct mail to their homes. We plan on doing business locally within our area and only plan on taking on 2-4 projects a year. I have noticed that quite a bit of the sites are being made through WordPress and was wondering if it was possible to be done through just GoDaddy's website builder. Also if it has to be made through WordPress it would be quite helpful if anyone could send me a place where I can get templates and resources to figure out the steps for what I'm looking for.

Thank You for the time!

Test

Hi @Kel Balase thank you for the words!

I am looking into investing in single family and multi-unit residential real estate. Because I am out of the country for a majority of the year, I do not plan on living in the property and will be looking to rent it out short term.

For general criteria I am asking about what to look at in a particular market when deciding to invest in it. Being from California, there is quite a high barrier of entry when it comes to costs. And also with so many people leaving I am skeptical to invest there. But this leaves me with the issue of where to go and how to decide that. My apologies I should have clerified better.

Thank You!

Hello!

I am currently working out of the country and am looking to invest in short-term rentals. I am originally from California and go back for the summers. I have a lot more research and studying to do before jumping in however looking for a market to invest in is something that has been an issue for me. 

What are some general criteria to look at? Who to contact to work with? What to look out for? How does one manage properties and invest while not being there in person?

I am brand new to real estate so any advice would help.

Thank You!