I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I have some questions about qualifying for another mortgage when I have outstanding mortgages on investment properties.So here's the scenario:I am purchasing a Quadplex on 6/28/2024 and it's new construction.

Generally its likely not going to qualify for DSCR if it has any rehab, typical rule of thumb is no more than $2,000 in "deferred maintenance" or needed fixes/rehab on the appraisal inspection for a DSCR qualification. 

They do not want qualified payments -- they want dollars monthly.  

Accepting all applicants, when one or more of them is not qualified, could pose a problem in the future if the applicant/tenant who is qualified leaves the property with the unqualified tenant(s) remaining (it happens!).

Also, if you are qualifying for the loan based on your personal DTI (debt to income ratio), the personal loan could change those ratios and keep you from then qualifying for the mortgage you want.

It won't really do TOO much for you in real estate other than make sure you get the best financing rate available and qualify you to buy financed properties in the near term.

But $5000 just to determine your tax liability and run scenarios on outcomes of a 1031 exchange and tell you if you qualify for a 121 exemption??? 

I spent a lot of time qualifying tenants and making sure they were the right fit.

But have recently thought about the longer term picture and my passions don’t align with my career even though the job is comfortable and technically what many would call a great spot to be as a Physical Therapist.