Short Pay Offs are complete in most types of debt vehicles.

They will underwrite it like a commercial loan so they have to cash flow usually at a min 1.20 debt coverage ratio.

I will consider all options, including hard money loan, I just need to carry this part the balloon payment so I have a bit more time to get convention arrangements made.My "credit" is good but right now my debt/ income ratio is a little high.

If you are in a property for 30 years, you are buying, renting and paying down the debt to own it.

. ------------------------------------------------------------------------------- ———————————– By Rich——————– I posted this before, but the archives have a small problem, so here it is again - it combines 3 posts so its long - its also elsewhere for another thread: ===== The first thing I do is get a list of Realtors.

I spent 3 years messing around with these while having a Grandfather and Dad who had been successful investors for a combined 60 years.

A key factor for lenders is the DSCR - debt service coverage ratio.

If you combine that with some state taxes, then the rate becomes the highest.http://www.taxfoundation.org/publications/show/22917.htmlIt is no wonder companies move out of the US to conduct business elsewhere.

I ran this for myself, and realized that if I can pay off all my debts, including my house (yes, some here will say that's crazy talk), I can live on a tiny fraction of my current income.

Less $100/month in desired profit gives you $440 for debt service.