Hello community, I’m a first time home buyer living on Long Island looking to invest in a rental property with the following scenario...1) Excellent credit score2) 20% down payment available for a homeBut I have not been approved for a loan because of my high debt to income ratio.

Would I still approve for FHA even if I have done few wholesale deals, or it doesn't matter and it has to be actually buying a property to lose the ability to use FHA?

My fiance and I are looking into first investment in Ontario.I work in Etobicoke, so I am trying to find our first investment property not too far from work - preferably within 100-150km.Here is the breakdown of what we can afford:Current posesed cash: 200kpre-approved mortgage: 600kI am currently thinking of duplex conversion in Hamilton, so I can BRRRR.

He asked if he could find a replacement/sub-let which I agreed was fine, pending my approval.

Before you go spending money on an attorney realize that variances are extremely hard to be approved, cost a lot and take time.

or my money + a bankfor the rehab is it hard money (I'm assuming so)the refinance comes from the bank I knowAm I going to the bank from the start to get pre approved for the ARV?

Something about with HOAs, renting is one of the vested interests that cannot be changed without owner approval.

Just to update the thread where I am at, I found one lender that would do $100K but the condo needed to be a FNMA approved project which mine is not.

We got approved for a loan through FHA loan and started looking for a lot of properties.

Add another 6 weeks for DOH approval and $20,000 or so for actual system install.