John Johnson
Income Verification Question - Tricky Situation - 2 Separate Payc
4 March 2016 | 0 replies
I am concerned as to whether I will qualify based on my DTI when it comes to Income Verification because of the situation in which I get paid.
Nadeem Bhatti
New member from Orlando, FL
5 March 2016 | 4 replies
These programs are for owner occupied purchases only but allow you to complete the purchase with 100% financing and reduced closing costs and you may even qualify for closing costs assistance to cover the rest.You may also wish to check out the local REIA club meetings.
John Bastardo
Financing options for 3rd rental property in California
18 January 2016 | 6 replies
Instead of your personal credit, the property sustains itself (using the DSCR number to qualify for the loan).
Mustapha Koromah
Rental properties- buy and hold
18 January 2016 | 3 replies
If you're slightly outside of qualifying, such as proving income because you're self-employed, your DTI is too high, no tax returns, etc, then there are wholesale lenders that can help and their rates start in the mid 4's.
Kris Haskins
FHA Appraisal came in $40k low, what should we do?
20 January 2016 | 17 replies
Because it looks bad to override another DE.Your best bet is to see if the buyer can qualify for other financing (there is a new 97% LTV Conventional product called HomeReady), or maybe your state has down payment assistance programs (i.e. here in IL we have a $7,500 DPA program through the state you can use with Conv financing depending on the area, purchase price, and household income).Hope that helps, best of luck.
Tony Kogan
What would you do with $200k in cash?
24 January 2016 | 50 replies
Spent another 90k out of pocket for the rehab.Filled with qualified tenants and cut expenses almost in 1/2.Now it cash flow +/-15% and is worth almost double what I paid.
Jasmine Cotes
Looking for creative savvy REI friendly mortgage broker
4 February 2016 | 26 replies
In fact, if you come across a broker that promises to fit you into loan for which you don't legitimately qualify, RUN!
Chris Gerbig
Sell one house with a pool to buy 2 without?
23 January 2016 | 8 replies
If you have, then you qualify for the 121 Exclusion (Section 121 of the Internal Revenue Code).
Joe Fairless
The Power of a Recorded Conference Call When Raising Money
25 January 2016 | 18 replies
Here's the tip:- Have a conference call with qualified investors to talk about your deal and...record it!
Huthaifa Afanah
What is more consuming part of Landlording?
25 January 2016 | 23 replies
And have a criteria that qualifies everyone equallyYou should consume your timeIn learning how to do Open HousesHow to manage your tenantsHow to keep them long termHow to implement your lease agreementYou should consume your timeIn learning that your home is just a tool in your business and not your babyThat this is a business of evictions, damages, and fixing your home up over and over again!