Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

This includes keeping detailed records of all transactions.Mortgage Payments:Handling Income: The LLC can pay the rent for the use of the rental space, which I can then use to help pay off the mortgage.

Hey Everyone,Just wanted to get some feedback from anyone that has used lower.com to get a HELOC - They seem to have good reviews online but wanted to hear from BP folks on their experiences.Thanks!

I wouldn't add it to the down payment unless it is necessary for cashflow, because the tenants will pay down the mortgage for you.

Your mortgage payments may be fixed, but your taxes and utilities will increase, your maintenance material costs and labor rates for repairs have gone up, and your property is wearing out (appliances, flooring, water heaters, furnaces, roof, etc. all have a lifespan and will eventually need replaced). 

4. complete your BP profile - Include website links, social media handles, or other online profiles so that people can find you.

Quote from @April September: All mortgages are fraudulent!

Homeowner fails to make mortgage payments8.

But for a loan in a good city to approved i think it has to have income to cover the mortgage and the expenses.