The bank gave me a line of credit to buy, rehab and then refinance small homes with them into individual portfolio loans....

Best I can tell from previous posts on the site is that if you are having a problem with your DTI ration transfer properties to an "entity"(this is the usual word choice with little insight into what kind of entity the poster is referring to) However, when you dig a little deeper, it seems to be that even if you own property in an LLC if you sign a personal guarantee (which they pretty much always make you do* it all falls to you in individual, and therefore counts against your personal DTI ratio, which at least for this, seems to defeat the purpose.* it seems if you have an LLC with 2 years of tax returns, you can actually have the business get the mortgage, and not have to sign a personal guarantee.

It is individuals like you that afford us our many freedoms. 

Love and appreciate this platform, many great individuals and alike minds.

We had a 'turnkey' contract to sell it for $2.1m to the housing authority, so that was a good deal.  

http://www.cnbc.com/2015/11/23/rich-dad-poor-dad-author-why-millennials-shouldnt-save.html

Sit down with them awhile and do some detective work, too, like actually call insurers, trash and utilities, mortgage brokers, tax authority, etc...Your calculations will only be as good as the raw numbers (and I find sellers may give rosy estimations sometimes, rounding income up and expenses down)...

Joel MPlease do not listen to individuals who tell you that purchasing a 30K property in bmore would be a problem.  

It'll be tough to still rent out the rooms individually if your buddies move out, at which point you want to have the option of renting to a single family and still able to cash flow each month.

We are considered to be the average of the 5 people we spend the most time with so connect with REIA meetings, accountability partners, and mastermind groups to engage with individuals interested in real estate investing.At the bottom of this page is a list with help in it.