My mantra this year is to not confuse "busy" or "working hard" with "productive." 

However, if you have a 401(k) with your work, or a different retirement product that is allowed to borrow against, IRS allows up to $50k borrowed. 

Unless you’re planning on fixing toilets anyway but that’s counter productive.

Originally posted by @Carlos Castañon:Hi Carlos, we can help you, we have Hard Money Loans in Florida and Texas, have great products, and can do Foreign Nationals.

@Jeff Cagle I have heard that the appraised value of the property sticks with the property, so if the appraisal comes low - the Seller has an incentive to come down and meet the FHA appraisal price or essentially decline to sell to FHA buyers.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

There is an FHA loan product called the FHA 203K.

Thank you, I’ll look into them, I like that they have all the locations and have some good looking deals on rates and products.  

It's worth talking with all of your local banks and CUs about the products they offer.

A lender would probably approve that loan, but if he wanted to purchase a house with those same numbers again, they would probably decline it because his dti would go up to 46%.