@John Casmon I've never asked a broker for a co-star report.

Have never dealt with a co-op, so this may not pertain, but isn't it pretty difficult to be allowed to rent out a co-op?

We require a 550+ credit score as well as a current job paystub or a co-signer who meets these requirements.

You can not evict a rent controlled tenant to use the apartment as your primary residence in a co-op or condo that was formed in a non-eviction conversion plan.

Etc..The Goal: Cash out $205,000 from owner occupied yellow while taking out a mortgage to purchase Blue.After meeting with a local mortgage company, we found out the only way to cash out was to get a co-signer for yellow.

@Alexander Lang I work with Bell too, I'm all approved to purchase with both a conventional loan and I've got a co that will do hard money if I want it, which would be much less out of pocket.

Today, I wàs asked by a co- worker if I would be interested to join a group to purchase an apartment building that needs some work.

Can you qualify for an FHA loan, can you get a co-signer?

Otherwise, you don't have to accept a co-signer, tenants must meet the requirements on their own, just refuse them based on credit.

I hope that BP will also help to bring my startup a co-founder who is coming with savvy RealEstate & RealEstate investing experience on board.