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19 August 2024 | 18 replies
My main concern is seeing that a lot of clients are using cosigners and coborrowers to qualify for houses and are having trouble qualifying based on their own incomes.
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20 August 2024 | 7 replies
A qualified wholesaler is almost an oxymoron, haha, but I do some great Chicago wholesalers and am happy to make some introductions!
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21 August 2024 | 94 replies
The reason for this advice was so he could qualify for a home loan.
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18 August 2024 | 6 replies
Is it more because of a borrower not qualifying traditionally, property not qualifying, or they can get a better deal going private?
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20 August 2024 | 452 replies
My question is related to qualifying for the Freddie/Fannie loans.
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19 August 2024 | 6 replies
Hi @Gerard Scranton, most hard money/ private lenders won't be looking at your DTI for qualifying an investment loan.
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20 August 2024 | 11 replies
The next step would be to begin talking with lenders near you and see what kind of lending terms and rates you are able to qualify for.
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20 August 2024 | 14 replies
Your efforts are counted as one "individual," so both of you collectively need to meet these thresholds to qualify for material participation and potential tax benefits for your STR.
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19 August 2024 | 14 replies
You can also do a stand alone DSCR second mortgage if you cannot qualify based on your personal DTI.
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18 August 2024 | 16 replies
It gives a 50% discount off the listed price for qualifying homes in revitalization areas.