Technically per the VA guidelines if you and another veteran want to buy a property together, you can buy up to 6 units with 0 percent down.Also, there is no max loan amount on VA loans and you will not get caught up paying Jumbo loan pricing as you would with other loan products.

Congrats on that at least:) Thanks in large part to Freddie Mac guidelines that went into effect in January, student loan borrowers have a much easier time qualifying for mortgages now.

(Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.

You will need to show that your personal income can fully satisfy the obligation with the corresponding DTI guidelines the lender has.

If you PM me the address (companies file on a state by state basis), I will talk to a some of our companies and see what their guidelines are.

Our mortgage lender gave us the option to waive the appraisal - however, we have a clause in our contract that if the appraisal comes in over 10k low, our price goes down to appraisal +10k.So, we are leaning towards ordering appraisal anyway, on the gamble that it comes in low and we get a discount. 

So 2 mill property putting down 700k then net worth of 1.3 million and post liquid of 130k.I have seen this guideline not matter to lenders in some cases.

@Kyle PoseyAre you asking in hopes of a response from accounting/ tax perspective or lender guideline perspective?

Same guideline applies for an elderly parent that doesn't have income to qualify. 

@Wesley W.It’s a gamble to accept a tenant who can’t confirm there income because of tips that are unreported on their taxes.