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13 November 2024 | 66 replies
You can find the properties through this website: https://listings.vrmco.com/Just a word of caution for anyone with student loans, New American's qualifying criteria are similar to FHA - when calculating DTI, they will use 1% of your outstanding student loan balance rather than your actual monthly payment.
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14 November 2024 | 15 replies
House hacking with an FHA is a great option, with that loan, you can get up to 4 units and also use the income from the other units to qualify with the back and DTI.
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11 November 2024 | 9 replies
FHA and conventional loans are available for such for non-permanent residents, but there are quite a few rules so I can't be sure you'd qualify without talking further.
14 November 2024 | 20 replies
Their office staff ordering the microwave and coordinating delivery and install would qualify as "labor," so I don't think there's much there.
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11 November 2024 | 0 replies
Opportunity Zones are designated distressed areas where long-term investment and development are encouraged.3 Reasons Why You Should Invest in Opportunity ZonesDefer or Eliminate Capital Gains Tax ObligationsWhen investing in Opportunity Zones through a Qualified Opportunity Fund (QOF), you have the potential to defer your capital gains taxes.
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4 November 2024 | 34 replies
To me, any liquidity qualifies: bank letters, bank statements, stocks in an investment account that covers down payment, etc.Today, I got a letter from a hard money lender saying the buyer is approved for 1/2 the listing price of the property.
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11 November 2024 | 14 replies
The husband couldn't qualify for a mortgage (and still doesn't), but the wife did.
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15 November 2024 | 23 replies
The issue I'm running into with this is the area I'm planning on moving to isn't exactly the most affordable, and so even with 0% down, you still have to make the mortgage payments, and you're only qualified for up to an amount supportable by your in-place income, which of course makes sense.
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11 November 2024 | 9 replies
this is old tried and true method of simply having you pay them to get credit cards .. there is no need to pay for this service.. unless you want to of course.. there is no magic bullet ut there that is going to give you credit and financing unless you actually qualify for it.But zero interest credit cards are used by some to do rehab and then pay them off issue is though your fico score drops like a rock the second you take on all these CC.Also starting out there is zero chance of getting any kind of business line of Credit that is unsecured.
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11 November 2024 | 4 replies
You will need two years of your 1099 documented income to qualify for a loan as a 1099 employee, both years of taxes complete for them to formally pre-approve you most likely.You need to bank as much money as possible.