All Forum Posts by: King Phinyathanabat

I tried a couple local credit unions banks. I will check REIA out. This is new info to me, thank you.

I'm trying to refi my existing properties(no loans/hard money) to buy a new one. 

Thanks again @Corin Prendiville

I have 2 rental single family houses in Cincinnati that I own out right. One i have it for 2 yrs and 1 yr for another. I tried to apply for loans with assumption that i have 2 years of experience and I might be easier to get a loan to get my next property. 

I was about to make an offer on my first multi-Family, and waiting for pre- approval letter from a loan company that i thought it would go thru after i have tried 10 different banks.  Unfortunately, they turned me down due to debt to income ratio is high. 

I thought if i have high equity on the property i would get a loan pretty easy regardless of my w2 income. I don't know what should I do next??

I invested in the 2yrs property at 40k and i can sell it at 110k, Should I sell it or keep renting it at $850 ($400 cash flow/month) ?.

I invested in the 1yr property at 50k and i can sell it at 85k, Should I sell it or keep renting it at $850 ($300 cash flow/month) ?.

I have 20k cash, should I pay off my student loans off so i can reduce my debt to income ratio? but then i will have no money down.

Any advice would help, 

Thank you

I'm new to this but looking for partners/mentors to help me expand my knowledge and courage me to do what it takes to become a full time real estate investor. I'm currently working a full time job that requires more than 40hrs a week 75% of the year. I want to reach financial freedom as soon as I can. I'm open to new things/ideas. I'm currently own two houses. I would like to use what I have to the max potential.  :D