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All Forum Posts by: Thomas Oliver

Thomas Oliver has started 9 posts and replied 62 times.

Post: Hello from Mississippi

Thomas OliverPosted
  • Summit, MS
  • Posts 63
  • Votes 40
Hi I'm a new investor. I am building and buying rental property. I look forward to making new friends and swapping ideas with everyone. I started with some land and good credit. I built my first dueplex. Was starting my second when a deal on a quadplex and 2 houses fell in my lap. I'

Post: Speculative lending

Thomas OliverPosted
  • Summit, MS
  • Posts 63
  • Votes 40
I am in the process of building duplexes. My plan is a total of 28. I am building one at a time due to only have 20% down for the loan. I have turned in a bid of 163k for the build on each one. It's only costing 115-120. When I get to number 5. I run out of debt to income. How can I borrow on speculative income?