Real Estate Agent - Dean Lockery GRL and RealtorsLender - AFC Mortgage Group

His mortgages are around 5k - 7k per months, and he makes 25k - 40k per month....EACH!!!!

Otherwise, you should work with a mortgage broker who can shop hundreds of lenders for you to help pick the best lending partner for this transaction! 

In order to past this SS test, your appraised market gross rental income at 75% has to be more/equal to your monthly mortgage payment (PITIA).

I had mold in some cabinets below my sink and it ended up being significantly cheaper to just replace all of the cabinets.

I imagine the home I can use a construction loan or my heloc again to complete and then get a traditional mortgage as that will be on its own lot, but the cabins will all be on a large lot containing the farm itself.

Are there restrictions on credit reporting for CFDs versus mortgages/DOTs.

Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!

The interest rate on a HELOC is usually higher than a normal 1st lien mortgage, but I am seeing some cases where HELOCs are in the 6's and 7's (where credit score is high and LTV is 65% or lower), which make them pretty comparable. 

DSCR guidelines vary by lender and working with a mortgage broker or lender that specializes in these mortgages can help get better terms such as a DSCR 1 ratio vs a DSCR 1.2 ratio.