All Forum Posts by: Terry Alexander

Hello,

We have come up with a way to digitally monitor the electricity use of each unit and email them each the bill every month.

I am keeping the cashflow unless I find a deal that's better then 1031 into new property.

Hello All,

 I'm a California investor who is looking out of state.  Does anyone have an news (good or bad) about the Cleveland area?

Thanks!

Hey @Nicole Bennett,

 You sound like you are getting a good understanding of how this works.  Many lenders will allow your debt-to-income ratio to be as high as 42%.

And yes, banks treat investment properties different.  During the first two years you'll need to show them a executed lease before closing, and they will still hit you for part of that debt. It is still do able... just talk with multiple lenders along the way.

Good info. Thanks for sharing, @Mitch Stephen.

Hey Everyone,

 I'm looking into Eugene, OR. Anyone with experience in this area?

Thanks

opps... hit the Post Reply button too soon.

I have some experience with getting loans.

opps... hit the Post Reply button too soon.

I have some experience with get loans. I always enjoy brainstorming about it.

welcome @Debra Ragan. I'm a bit north of you.

Hello @Tim Palecek welcome to the forum.