All Forum Posts by: Nicole B.

@John Steele and @Account Closed I tried tagging you earlier in the below post but it didn't work.  Now it is!

John- thank you for the advice and encouragement!! It sure can be daunting starting out! Do you mind if I ask if you used a real estate course to get your license and if so, who you went with? I am researching the best courses out there. I want to start in October after a deadline at work.

Chris- thank you for the advice! I sure have been making use of the free materials provided by this site! Pretty great resources. I am debating if I should become a pro member on here or not. I have about a year before I jump into the investing side and I'm not sure if it's needed yet. Do you have any thoughts on that?

Thanks again for your warm welcomes everyone!

Hi all, 

Do you all see the mortgage interest rates going up very high between now and say 2 years from now? Should the low interest rates be a big factor on deciding to buy now as opposed to a couple years down the road? I of course would look at all the pros and cons, but wondering if I should take the interest rates into consideration in my analysis. 

I didn't provide details since I am in the process of gathering them;  I am more asking a general question rather than a specific question. What do you all think?

@John Steele thank you for the advice and encouragement!! It sure can be daunting starting out! Do you mind if I ask if you used a real estate course to get your license and if so, who you went with? I am researching the best courses out there. I want to start in October after a deadline at work.

@Chris RG thank you for the advice! I sure have been making use of the free materials provided by this site! Pretty great resources. I am debating if I should become a pro member on here or not. I have about a year before I jump into the investing side and I'm not sure if it's needed yet. Do you have any thoughts on that?

Thanks again for your warm welcomes guys!!

Hi everyone!

I would like to say hello and want to express my gratitude to all of you that make this site amazing! Seems to be answers for just about any question!

I am very new to the real estate investing and am really trying to soak up as much information as I can. 

My desired niche is investing in duplex, triplex and fourplexs.  I live in the bay area and notice that inventory is quite low here thus prices are way above my budget.  I am thinking of investing out-of-state at some point but worry that it might be a huge leap for my first investment.  I plan to learn as much as I can with the time I've got. 

Thanks for reading and I can't wait to talk with all of you more!

Hello all,

First I would like say hi as I am new to this forum!

I am extremely new to real estate investing and would like some help. I want to purchase an investment property but currently own my home so my debt-to-income ratio is around 20%. If I want to buy an investment property while still owning my home, it will raise my debt-to-income ratio much higher and I am worried that I may not be approved for a loan. For the new rental, I would plan on putting 20% down but I am thinking the ratio would go up to 28% (maybe more) front and back end. So how will I continue my future in investing if I am already almost maxed out with my main home and my potential rental purchase? Obviously, I don't want to stop at just one rental home.

So, my main question is, do banks have different requirements when the property is purchased for investment purposes? I do know that rental income can be added to gross income every month, but that takes about 2 years for them to actually count that as income. And it may still be not enough to raise my debt-to-income ratio. I also know that I can refinance and take out a HELOC on my main home, but I still worry it won't be enough.

Thanks in advance!

Hello all, 

First I would like say hi as I am new to this forum!

I am extremely new to real estate investing and would like some help.  I want to purchase an investment property but currently own my home so my debt-to-income ratio is around 20%.  If I want to buy an investment property while still owning my home, it will raise my debt-to-income ratio much higher and I am worried that I may not be approved for a loan.  For the new rental, I would plan on putting 20% down but I am thinking the ratio would go up to 28% (maybe more) front and back end.  So how will I continue my future in investing if I am already almost maxed out with my main home and my potential rental purchase?  Obviously, I don't want to stop at just one rental home. 

So, my main question is, do banks have different requirements when the property is purchased for investment purposes? I do know that rental income can be added to gross income every month, but that takes about 2 years for them to actually count that as income. And it may still be not enough to raise my debt-to-income ratio. I also know that I can refinance and take out a HELOC on my main home, but I still worry it won't be enough.

Thanks in advance!