Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

Just understand that the cabinets have a big impact on your budget as well as how your kitchen looks.

If something goes wrong and you lose that investment, you may be so over-leveraged that it impacts your primary home.I never recommend borrowing money (from equity, friends, or relatives) to borrow money through a mortgage.

I have played the 0% balance transfer game for some larger inventory purchases in my retail biz and good old 0% balance promos at Home Depot (personal) and Sears have financed quite a few apartment renos too.With a long and stellar credit history It doesn't seem to impact my FICO4 & 8 too much but it will *crush* the vantage 3 score which penalizes HEAVILY those who actually USE their credit and I'm talking still less than 30% of available.

Hi @Somesh MukherjeeFellow lender here - Not sure where you are in the process but as Matthew said - location is top priority, not just in terms of the tenant pool but depending on the loan program you're seeking (say DSCR), the comps in the area can also impact your appraisal and what rate and term you'll qualify for.

As soon as you hear a investor claim they are charging below market rents to retain a good tenant you know your are hearing from a hobby investor that has no clue of the bigger investment picture.You also need to keep in mind that the rent rate has no impact on a SFH investment since the majority of potential buyers are home owners not investors.

@Marina Wongmoving your SDIRA into Solo 401k would be beneficial for several reasons, but the tax impact on distributions would be the same: you have to pay ordinary income tax on distribution regardless if you pull it out from an IRA or 401k. 

Regardless of the reason, the delay in investing actually creates a compounding effect impacting one’s potential ability to reach the full investing benefit.The easiest way to understand this is by looking at the Rule oF 72.

This will impact your available time and cash flow. 

I hear countless horror stories from borrowers who get held up due to bad bank administration policies which are most impactful when you’re working on a draw schedule.