When you have enough data over a long period of time, there should be enough to generate a useful score. 3.

But I want to now purchase a house with the first time housing program, would I be able to?  

Hello everyone! My name is Dillon Seal, and I’m excited to join this vibrant community as a new real estate investor. I am keen to learn from the experiences of seasoned professionals and collaborate with fellow inves...

Why did you decide to exit out of a laundromat after holding it for a short period of time and putting in all that time and effort?  

You should be able to pay off the loan anytime during that period, without any sort of penalty.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

My underwriting would have this large negative cash flow for 7 years.I would do a thorough underwriting but want to show using quick math the issue so I will use the 50% rule.  

Maybe I’m wrong and you just don’t appreciate your questions getting answered quickly for free by professionals.

How do you think the 2 relatives will feel about having their rent raised or being required to pay rent period?