(In their contract there is a non refundable $1,000.00s).

On top of the 8 months I would need another year or so to save approx. 30k for a down payment on the second property.

I'm looking to get a loan for my first non-owner occupied rental property but my current lender is telling me my debt to income ratio is too high due to my student loans and mortgage.

You also want a personal guarantee rider on your loan, a balloon payment rider, and any other riders your attorney deems necessary to keep you and your funds protected.Of the purchase price, rehab, and holding costs, how much cash is the borrower putting in?

To be assumable you need a purchase contract with the owner, settlement statement/payoffs to show your down payment makes any sense against what is owed.If the HOA really succeeds, you will see that a Board member is miraculously on the transfer sale deed...The HOA cannot sign a contract to sell to you (they don't own it yet).

I also hope to have the flexibility to focus on a personal goal of non-profit work involving real estate at this stage.I look forward to conversing with all of you, including building a reliable and trustworthy network of colleagues.

Just as you said Arsen, that meant a higher mortgage payment, and when rent rates dropped I was not payment $3,500 out of pocket every month to cover the difference between mortgage payment and rental payments.  

Hi all,I am currently house hunting for my first home in the Aurora, CO area and am interested in finding something with a finished basement that I could create a separate entrance for (assuming one doesn't already exist) and rent it out to tenants and make a dent in the mortgage payment given this high interest rate environment.

I was wondering how you have filled your W9 if you have a single member LLC (which is considered a disregarded entity) and ensure payments go to your LLC and not your personal name? 

Setting clear investment criteria, such as the types of properties you're interested in, where you want to invest, your budget, expected returns, and how much risk you're willing to take on, is key.In order to be financially prepared, it's important to save for a down payment, establish an emergency fund, work on boosting your credit score, and look into different financing options.