All Forum Posts by: Mario E Gonzalez

I could help you in PA but not NC unfortunately. I have seen some national lenders around here. 

Have you shown that 20k of side income on your taxes returns the past two years? That will you give you a boost in buying power.

You have a top tier credit profile which will help and looks like you have plenty of capital for the lower down payments available to a house hack.

@Mario E Gonzalez, you said you're interested in house hacking but then mention that your market is too expensive. If you decide to buy in PA or NC based on lower home values, then your investment strategy is going to change unless you intend to move there. It's usually ill-advised to be focused on multiple markets. Depending on the real estate agent and their business structure, I highly doubt you are wasting their time by asking for lender referrals and connections. If you successfully get pre-approved, then you're doing the real estate agent a favor by bringing them business. I agree with Dennis, it usually starts with the real estate agent. 

Hi Mario, I'm not in your market but another approach is to find a good agent FIRST that you want to work with and can help with your house-hacking goals. Typically agents have lenders they can refer you to :)  Once you find an agent, you'll easily find a lender. 

$450000 to $540000 sales price depending on rents with no HOA

This assumes you have no car payment, no student loans as stated. You will need a letter from W-2 employer stating you are remote in the future for three years. Also assumes you worked same job W-2 past two years. If you have depreciation that can be added back in as income.

@Mario E Gonzalez you don't need to use any income to qualify for financing on the investment side. Cash reserves is all you need.

What is the IRS net bottom line income from side business? VS what did the business deposit into one bank account for the past 24 months?

Answer to that question tells what you can qualify for.

@Jon Puente has your back!!