1 March 2024 | 9 replies
I've been warned that tenants can go months without paying rent and a situation like that would make it hard for me to keep up with payments.2) New Brunswick.
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1 March 2024 | 2 replies
The housing market in Syracuse is also expected to keep growing, with both property values and sales activity likely to go up.There is a lot of challenges and chances in the current situation, which includes more foreclosures and a competitive housing market in places like Syracuse.
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1 March 2024 | 13 replies
Here's a summary of my situation as an example: The unit I currently live in would rent for $2200My second unit is currently rented for $2700I rent my garages out for $350For the next duplex I would live in one unit & rent the other for $2200 I currently get paid $80k a year or $6667 per month.75% (2200+2700+2200) + 350 + 6667 = $12342 per month in incomeMy current mortgage is 2950, my next would be 3300, and my student loan is 250 = $6500 total debt.6500/12342 = 52.7% DTI
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1 March 2024 | 4 replies
Talk to a lender and find out (probably a couple of lenders).Ask here for lenders to DM you (they aren't supposed to DM without you asking them to).Remember, lenders want to loan money - they will work with you to figure what products they have that can work with your situation.
1 March 2024 | 2 replies
This situation is especially tough for VA home buyers like myself, who may need to cover an appraisal gap of potentially $10,000 to $20,000 under the appraised value.
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1 March 2024 | 19 replies
I'm hoping that someone here can help assist me in how to proceed with my situation.
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1 March 2024 | 5 replies
Would a commission split be treated differently in this type of situation?
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1 March 2024 | 5 replies
So, being a passive limited partner (LP) might align better with your situation, saving you from potential liability coming from the investment or asset.
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1 March 2024 | 40 replies
There are rules around each of these, but depending on your situation it could make sense.