(You obviously don't think you'd qualify today.)2) If this is a personal residence, I don't see why you think you need to put 20% down.

My dad just got prequalified in a house that’s listed at $90,000 in south Texas. We looked at it earlier with a realtor too. 3bd/1 & 1/2 ba She said it’s a “hot house” with several inquiries already . Any advice/s...

Fortunately there was a nice little element in the mortgage industry at that time that let a newly minted professional, right out of school, with no income history, qualify for a jumbo loan - The no-doc Alt-A loan.

Fortunately there was a nice little element in the mortgage industry at that time that let a newly minted professional, right out of school, with no income history, qualify for a jumbo loan - The no-doc Alt-A loan!

And I did note that some of the tax  statements contained an exclusion (per the new tax law) for Qualified Business Income which I assume is a benefit to investors...but again, I'm not a CPA.

Then the mortgage company will make sure you qualify for the loan and after you qualify you close on it like any normal home purchase.

- Find a separate Qualified Intermediary (QI)- Net proceeds from sale will be available (after paying off mortgages).

This means that the gross rent should meet the lender qualifying terms of cover the mortgage, most want 100%-130%.The main thing required from you would be a solid credit score.

I’m new to real estate investing. I just bought my first property for 52k, listed for 67,900, with cash. However, I tried a private money lender first and because it was a move-in ready home, he declined. Stated th...

As far as what we know so far is that she can shelter approximately half of her savings but would have to contribute the rest to paying for her care before she qualifies for Medicaid.