All Forum Posts by: Ryan Moore

I'm considering partnerships for future deals, simple stuff for now like 50/50 splits, etc.  How do conventional loans work with 2 to 3 partners involved?  Does the loan only go under one person, or all?  How would these loans affect my ability to get loans in the future for any solo deals or other partnership deals?

Can a 15% down payment actually be obtained for a 4-unit MF when the property is not being used as the primary residence?  All lenders that I have dealt with are giving me the 25% numbers.

Just interested in learning the mindset behind setting up partnerships like how do you divide up equity, how do you actually make decisions, etc.

I own property on my own, but I'm looking to learn the process for doing small partnerships within my networks.  What are some good starting points to learn about the basics?  Any book recommendations, etc?

 4 plex with a mix of 1/1 up to 3/3, range is 550 to 775 in north central

 It's my first so I can understand the conservative approach from them.  Fortunately I can use my good W2 job to help push past some of those hurdles, but I'm starting to get close to maxing that out.

 It's on my schedule E

Thanks. I did file a Schedule E this past year, but I reported a loss because of inherited vacancies and repairs needed. Things are running smooth now. I'm sure it varies lender to lender, but will they take that into account, or does having the loss reported not bode well for trying to increase DTI.

The leases will show gross scheduled rents of over $30k, but will they just add that $30k onto my W2 income?  Or will I not get the full $30k realized since I obviously have expenses that take a chunk out of that.

I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:

1) How long do I have to own my current rental before that income can be used for my DTI

2) Where do they get the income number from... is it net operating income, etc?