11 June 2014 | 14 replies
Yes the payment can go up after five or seven years, but the amount it an go up is limited.
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20 June 2014 | 18 replies
First acknowledgement he can provide funds in five days, second a hard proof of funds (meaning bank statement or stock statement) but not a pre-qual letter.
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14 June 2014 | 8 replies
We dont like to accept any kind of paper money unless there is some odd circumstances or at move-in.I perform tenant screening and follow up on application verification items, as well as all the bookkeeping and processes.He gets first shot at any maintenance work that he can perform himself and bills hourly, uses my company Home Depot card for supplies.
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10 June 2014 | 1 reply
Hello,Chase is discontinuing the deposit only card and i have to redesign the process on how to collect rent from my tenants.
9 June 2014 | 4 replies
My DH and I are looking into buying 4-5 rental properties over the next five years.
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10 June 2014 | 5 replies
Here is my card to contact me and if your situation changes in the future feel free to reach out to me.
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9 June 2014 | 6 replies
So if you buy a 100K home and you put down 20K you'll have a mortgage of 80K @ 5% for this example your payment would be $429 and say the rent is $600 you can use 75% of that which is $450.If you make 2K a month here is the DTI breakdown which should be your biggest concern with what you're trying to do. 2K + $450= $2,450 of incomeDebt: 429 + ( New home payment ( $750) ) = $1,179.00 New home would be the primary residence that you talked about buying.Assuming you have no car payments or c.c. payments or personal loans your debt to income ratio would be 48.1% which is acceptable under FHA guides ( up to 54.9% ) but pretty high for conventional ( 43 and under is pretty secure but I've seen up 49% with major reserves) You would also need 429 x 6 = $2,574.00 in reserves for your Investment Property6 months of reserves = $2,574.00Total income $2,000 base + $450 ( 75% of 600 )Liabilities = $1,179.00I know sometime I'm all over the place but plug in your real numbers with these and add taxes, insurance and credit cards, car payments and any personal loans and try to keep your total DTI under 43%For taxes do 1.25% x the sales price and .3% x the sales price for Home Owners Insurance.
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17 June 2014 | 10 replies
I am not yet an attorney, (although I am attending law school), but I am buying probate properties in the five western states.
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11 July 2014 | 6 replies
Hello Everyone,I'd like to make business cards with my personal info (I tried using my professional cards, but quickly learned that can get confusing/messy).
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12 June 2014 | 13 replies
I pay for it with my Home Depot card so I can track my different projects.