whether its a VA loan or Traditional loan it should not matter, as long as you have the right amount of the loan and the right interest rate. there is the option of sharing the calculator at the end of the sheet, you can put the link on here and let others check it if you want. but would also need to have list of your expenses and income so that we can see if everything was inputted right. if you do not want to put that on the forums, i would be happy to check it, just send me a message with everything.

Hi gys -This time I went for loan - I was told the Debt to Income ration has to be under 49%.

My recommendation would be to focus on investing unless the debt is directly hindering you from starting such as credit or debt/income ratios with the lenders that you are dealing with.

Don't forget Florida has no state income tax.

You need a legal professional who is tough when needed, wise and very experienced.Legal expenses are deductible against taxable income if you're structured properly.Then again, this is the type of expense you should only need to put out once.All that said, of course, it sounds like you need to be dealing with the local LLC-friendly banks. 

I've been browsing this forum for years and listened to countless podcasts and I purchased 2 books by J.Scott who seems to be the father figure here in BP.I feel like the only way I can finally "get it" us by doing it, but the problem is I live in SoCal and with my savings and my income, no bank would offer me a loan needed to flip a house... 

3 BR/1 bath asking $170k.Taxes are $9,062 (although I saw at least one other figure on a different website, I went with the highest)Here are my assumptions:closing costs - $4,000rehab/initial improvements - $5,000 (this is a blind guess because there are no pictures of the inside available, but let's not focus on this number right now...)Rent - $2,000vacancy - 8% ($160/month)property management - 8% (the calculator I used (downloaded from BP) uses net rental income for this, so it's about $147.16/month)maintenance - $1,000/yearcapex - $160/monthinsurance - $1,000/yearwith a 25% down payment and 4.5% thirty year financing for the balance, I net a whopping -.82%.  

I recently got my real estate license to increase income and then by fate my friend turned me on to BP which led to Rich Dad Poor Dad and my mindset has been altered.

I am looking for someone to partner with who can show me the ropes of wholesaling and other facets of real estate investment as I work to increase the income of both myself an my partner. 

Good way to replace your income.