Will definitely be keeping a close eye on this one as it develops!

I first heard him on a podcast, and I definitely have eyes on going to his multifamily seminar hopefully this year or next!

Of course I watch what's on the market, get wholesaler emails, and try to keep my eyes open.

Eye-opener, right?

I'll probably keep an eye on  this thread though in case anyone has better points...

Personally I don't do that, but most of my business is with people who I have been able to meet, shake a hand and look in the eye.

one part of a banks decision to give you a loan is to look at your DTI, or debt to income ratio. basically, total monthly debt payments divided by your monthly income, gives you a percentage of how much of your income goes to other debts. if you make $4,000 per month, and your only debt is a $400 car payment, that's 10% DTI ratio. very good to the bank. that means you have 90% of your income to use to buy a house. under this scenario, if you wanted to take on a $1000 mortgage payment the bank is likely to give it to you because you still have available income to use on the mortgage. if you only make $1000 per month, that $400 car payment is now 40% of your debt and the bank will likely not give you a loan. now with your scenario, if the new car payment (which looks like your to the bank because you are on the hook) puts your DTI too high for the bank to offer you a loan, you will be denied. if the new loan is only a small part of your income, it may not effect you. for what its worth, I purchased my first primary with a $430 monthly car loan and the mortgage broker didn't bat an eye.

Over the past few months I have been listening to bigger pockets podcast which has opened my eyes to the fantastic investment opportunities real estate has to offer.In the next few months I will begin my real estate investment journey, and am trying to determine the best strategy for new investors in Chicago.

I just include it and keep an eye on the usage.

I looked it up and realized that the property owner also owns a second SFH nearby that I have had my eye on for months.