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All Forum Posts by: Tyler Maten

Tyler Maten has started 8 posts and replied 32 times.

Hello bigger pockets crew! I have a property in Grand Prairie, Texas that was purchased with cash back in April that I'm trying to do a cash out refinance on. This is my first refinance, and the lender I spoke with told me that I was over their limit for the qualifying debt-to-income ratio. This lender was kind of a bigger player in the industry, so I was wondering if there are any smaller "investor friendly" lenders out there that work in Texas, and people have experience working with. Also, if you have any suggestions or tips as I go threw this refinance process would be great to! Thank you so much for your time in advance!

Post: What should I do next?

Tyler MatenPosted
  • Posts 34
  • Votes 12

Newbie investor here please verify all info I'm about to say, and welcome to all feedback but this looks like a subject to deal. You can possibly see if the seller would be open to you catching her up on the 19k in taxes, in exchange you paying the mortgage payments on her behalf. Subject to's are super tricky I recommend maybe finding an experienced creative investor to walk you through this process sounds like a good opportunity to learn a really useful strategy if executed properly.