I appreciate the encouragement—I'm excited to learn from and connect with investors in this community.Right now, I’m primarily focused on house hacking in the LA market, but I’m open to exploring out-of-state opportunities later in my career.

Good morning BP community,I'm a returning REI in East Tennessee who is now investing and buidling a family business full time after a career in the military.

And here is a PDF explaining it for both Fannie Mae and Freddie Mac: https://www.radian.com/-/media/Files/Enterprise/Training/QRG...Understanding Foreign Income Foreign income is defined as income earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.

Many of those deals have agents on both sides who will earn commissions. 

If you pay cash, you don't have a payment, but effectively you are giving up an income stream if the cash had been in a bond or ETF and earning you either interest or appreciation. 

Currently I am a loan originator, but most of my career has been spent as a mortgage loan processor.

This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

If you get your license and join Keller Williams, I would be delighted to be a (long-distance) mentor to you.If real estate interests you (either as an agent, as an investor, or as a skill for future job change), if doesn't hurt to get the training and earn the license. 

How much did you really earn on your first flip?