Thanks.Just found out that my student son may be able to qualify for 3.5% down FHA loan with us as co-signors!

Hey all, I’m looking to purchase a rental property in Cleveland, but I’m getting mixed messages about whether or not I would qualify for a mortgage because I’m Canadian.

Lenders are increasingly creative with income qualifying including bank statements and even DSCR's.

They must be held in escrow by a third party called QI - Qualified Intermediary - and it must be engaged before you sell. 

Will the rental period be considered a non-qualifying disposition?

Once you have that you can qualify for a low money down loan and buy a double. 

This is a portfolio loan offered by local credit unions where you can buy up to 5 pure investment properties with as little as 5% down if you qualify, which you do have to qualify still with DTI, credit, reserve requirements, etc.There are different credit union options that would be best to connect with based on where you are investing and your situation, so that is why it's important to connect with our team to guide you on the right path on where to apply so you are not wasting your time and having multiple unnecessary credit pulls.

This is why they help you build your personal side first (if you need it) so you can better qualify to get business funding!

You may have an issue with purchasing in Tampa if you do keep this one as you will be qualifying for a second home and your DTI may not handle that.

If I become a part-time real estate agent and have no other W-2 job, would I be able to qualify for real estate professional status?