All Forum Posts by: Tiffany Smith

Hi Everyone,

I am running in to a problem with lending. I am not getting approved for a loan due to my debt to income ratio. I purchased a 2-unit last year that has appreciated tremendously.  I house hacked, as I live in one unit. I wanted to refinance and then apply for a loan to purchase a new multi-unit. Other issue is I have another property in my name fully paid for and my father pays the taxes and HOI on it. But, it is coming up as debt for me... Any suggestion on what I can do to get a loan approved?

Hi!

I am an investor from Washington, DC and looking to expand into San Antonio market.  I was looking for referrals for a real estate agent with heavy experience working with investors.  My partner who lives in Houston, and I are highly motivated to acquire 2-3 rental properties this year. Any recommendations would be highly appreciated.  Thanks!

Hi!

I purchased my first rental property for $610k (duplex) using an FHA rehab loan. I also obtained a private money loan with an 11% interest rate to fund the rehab in the amount of $65k. The income from the rental property is cash flowing to my satisfaction (~$288/door). It's been about a year since the purchase and I am now ready to invest in my second rental property using refinancing of the first property. I wanted to get thoughts/opinions on whether to pay down the private money loan with cash obtained from refinancing my first property, considering the 11% interest rate? Or just keep moving forward acquiring rental properties considering the rental income from the first property is covering mortgage and the private money loan payments and is still cash flowing.

Thanks!

Thank you everyone. I am on my way there to help with the bird :)

My tenant just messaged me that there is a bird in there 3bed 2bath apt/unit? I wanted to know whose responsibility is it to remove the bird? It is currently stuck in the laundry room. Obviously they left the door open and a bird flew in.... Is it my problem as landlord or theres to solve? If it is my problem how do I get a bird out of the laundry room? Thanks for your help!