All Forum Posts by: Raj Kapur

Thank you; a few follow up questions:

@Stephanie Walker, can you please explain what is meant by debt service coverage ratio" of 1x-1.25x? How is it calculated?

@Jay Hurst, the LO I talked with is using my tax returns, and even though they are cash flowing is somehow using a small loss calculation for my DI ratio. Just to confirm what you mentioned, the calculation should be (.75 x rental income) / (  mortgage  + insurance+  taxes)?

@Erik Estrada, is FHA loan different than what is offered by banks? How do you qualify for it?

I am a new rental property owner. My primary and my current rental properties are causing my DI ratio to be more than 45%, so I am not able to qualify for additional mortgages from some conventional banks to buy more properties.

Are there any types of mortgages available that don’t consider DI ratios? If so, what criteria do they use?

Thanks

@Bernard Reisz thank you for the clarification. @Michael Plaks thank you for the link to the thread - it clarified the cost segregation scenarios really well!

Question for anyone on this post: Does one need to be a Real Estate professional in order to apply the Cost Segregation study benefit against W2 income?

@Stephen Kehoe Thanks for your answer. Do you have any recommendations for specific areas in Columbia that would be better than others in terms of ease of finding tenants?

Any rental owners in Howard County, Maryland? I am looking for recommendations on locations in Howard County which would be good for rental purchases, with the potential for high-income earning tenants and low vacancy rates.

Software Engineer from Washington DC Metro area. A newbie REI starting this spring.

@David M. Thank you for the reply. I just joined BP and will search the forums for posts regarding this topic.

Can a property with a conventional mortgage loan be moved to a LLC?