If you're a full time landlord, chances are you're not showing enough income to qualify.

Most will fail to close.If they can not qualify for a mortgage on their own they likely have either bad credit or zero financial skills to save money.

By refinancing we would be paying more than we originally qualified for (2.69) interest as rates have increased probably close to 3-3.25%.Your input is appreciated Bryce

The problem would be trying to cover closing costs, having a verifiable W-2 income so that you can qualify, and your bank might want reserves in place (around 3 months worth of mortgage) which would go well above the 4% put all together.

If you find a great deal, you might look in to delayed financing- it's possible to pull all of your cash out immediately after you close on an investment, but you have to fund the deal with 100% cash to qualify.

I was listening to a youtube video regarding purchasing multi family homes and was introduced to another way that I can boost my qualifications for a loan. I want to get a fha 203k loan and just learned that I maybe ...

My parents bought the most expensive house they could qualify for in a very nice neighborhood. 30 years later the value has multiplied many times over.

If they are qualified and you can get them approved within a day or two, then it's okay.This is how commissions work on rents:$1,600 for a 1 bedroom as an example.

Knowing where you want to go begins with knowing where you are, and with that in mind I reached out to a national bank just to see what kind of mortgage I could qualify for and how I would best improve my current situation in case I needed to use conventional financing.My credit score is mid-700s, about $15k in consumer debt (which is coming down).

I was thinking about being a real estate agent, but I'm missing social security number, so I can't be qualified as one.