Also, the second lender will see the first property on your credit report, either at application or when they check it right before closing, and will need an explanation.

Perhaps I should do a blog with a longer explanation and a lighter tone.

I've heard from others that she if very anti flipper so she'll come up with numerous expensive repairs to lessen any profit that you'll make from the sale.

You have your total debt payments (the numerator) divided by your total income (denominator).

Bill GulleyFrom you excellent explanation, I see that the loans my private investors are making are commercial (not private as I had indicated) because I have a business and try to run it as such.

JordanHere is the very best explanation that you can find of income ratios [REMOVED] This is me explaining this for the Florida real estate exam.

I asked for a better explanation.

Been there done that...many times.HOWEVER, I have worked with investors that had numerous properties where we split the down adn I got 1/2 upfront and 1/2 at financing.

That said, if you fight back, you will win.Since you are in one of the hottest markets in the country right now as evidenced by e numerous offers in just 4 days, inform the buyers agent that his/her client needs to close and bring the cash to the table for the appraisal difference as per the contract or they will lose the EMD.

Thanks to your explanation!