All Forum Posts by: Jeremy Bates

I'm looking for information on what affordable housing developers would hire a tax credit/asset management manager for a salary in the $150-$250,000 salary range?

Thanks so much Jon. Thanks to everyone else too. Sounds like a solid maybe, but saving for a year might be the best idea right now.

And Jon, I am still doing research on this subject and, other than in foreclosure, I don't know where anyoen could find a fourplex that rents at 1,900/month and would be for sale for 600K. Is there something I'm missing?

I can provide paystubs and a letter from my employer, the federal gov't. For me to purchase a fourplex, it would have to be owner-occ. with 3.5% down. But I guess what I'm wondering is:
1- what price of a fourplex could I qualify for with 90K as a recent salary?

Thanks all!

Credit score: 700-ish
Salary: 75K plus $15,000 from another rental property
I can have 20 to 26,000 in the bank for reserves but would also need to use it for the down payment (3.5%) if that's legal, to use it for both.
I've got about 25,000 line of credit and have about half of that in debt I'm repaying. Two student loans, at about $20,000 total.
No car loan. No boat debt, dumb debt, etc.
Here's the problem: my tax returns from the last two years don't reflect my current salary, not by a long shot (25K-ish). I've got a cosigner with stellar credit (750+) but with him signing, he doesn't have assets/healthy salary to back up the score. NINA possibly, but I do now have the income.

If I can buy a fourplex in the DC area, %1,700-$2,400 in rent per unti per month, can I just take a higher interest rate for my tax return and cosignor issues?