All Forum Posts by: Daniel Okorie

Gatewood Brown yes this is correct. Depending on the tenant section 8 will pay between $1250 and $1300.

This property is located inside the loop in Houston tx 77021.

Highlights for duplex - asking $245k - 4bed 2.5 bath each unit - built 2006 - current rent roll is $3100 per month (avg rent in area is $1200-$1300 per unit) - current tenants are month to month - taxes is $4500 a year for non homestead - insurance is $1900 - tenants pay all utilities and maintenance - no other maintenance Price is negotiable.

I'm trying to purchase a multi family property in Houston tx as an owner occupied but running into dti issues because of student loans. Because of what I filed on my returns as income I pay myself from my businesses, under the income based repayment standard for my student loans I don't have to pay anything on my student loans. The lenders I've tried say that going FHA or conventional they must take 2% of my student loan balance as my monthly payment which throws off my DTI ratio. I have excellent credit in high 700s/low 800's and I have the perfect credit profile. The property I want to buy is $175k. I have enough for 10% down plus closing cost. I've talked to some private lenders but the interest is just ridiculous. Any suggestions?

Welcome!

In any market there are always deals. Keep an eye out and be prepared to make offers.

Does anyone know a good trim contractor?

$85-$100 a ft depending on design and finishes.

Texas mortgage company

Congrats!! Awesome job and glad you rebounded!!