I already own a home, but my girlfriend does not, so she has a better Debt to Income ratio for buying another home... although we are not sure if that matters when buying a home that will not be your primary residence??

Can I buy while I'm in school and getting loans or would I be better off paying off $5000.00 worth of my student loan and credit card debt?

I know whan I sold cars that if there was a person with showable money/assets but no credit, he/she would need a co-signer with the credit...BUT, the lenders still may require the co-signer to show the good debt to income ratio, not just the great credit.

I don't need the equity from the townhome (although it can help to reduce debt load) to buy my next home.I like to get some feed back on whether it makes sense to keep this property or sell it and keep the money either in cd, stocks...and look for other rei.RegardsChuckThanks for your input.

There is no way with any kind of debt service that you are in a break even on the investment.

Don't get it if you are the type of person that racks up credit card debt.- (If possible in your market) Try to buy a building where your total rents will be more than 133% of the PITI payments for the mortgage.

Purchase price was 162,000.00 nets right around 1000.00 per month after debt service.

pay down all of your personal debts at an accelerated rate.ever listen to Suzie Orman/Ormon?

Hello and Welcome to the forum.All four of your items are interconnected.You must reduce your debt to have a better FICO score so that you can save money to buy a house.

That's what I get for typing faster than I'm thinking.A 1031 exchange defers taxes to a later date (which is good), but the 2 of 5 personal residence exemption eliminates the liability forever (which is better).