want to know if this is too good to be true or if this 3.5% is on top of some other rate. i really don't know much about this. and also i only make 70k a year with no debt is it possible to qualify for 500k with such little income?

Wish they could own a home, but aren't ready yet for whatever reason (no down payment, debt to income ratio too high, etc.)Duplex: Not too much different than a single family home, as you're only sharing one wall, a fence, and a driveway.

If the deal fell through with the agency debt then it probably was a good thing.  

want to know if this is too good to be true or if this 3.5% is on top of some other rate. i really don't know much about this. and also i only make 70k a year with no debt is it possible to qualify for 500k with such little income?

It looks like US will become a Renter Nation.

Debt or equity?

Ned it may not be a law but the title company can have their own rules and simply not insure them.. nothing says they have to.as Wayne says tons of fraud with Notaries and the east coast leads the nation in title loss's.. according to Pat Stone .. at least that's what he told me at lunch.. just like people get private folks to sign quit claims record them .. and now no one will insure the title going forward.. they don't trust docs that were not prepped by a title company or in your area attorney … I have seen that..

I have three of Brandon's books (The Book on Investing, Managing, and Investing with No/Low money down) and have been listening to his podcasts for about a year and a half now.ABOUT ME: I am a recent college graduate, member of the Army National Guard, and am very passionate about helping people.

Debt is not an indicator of what your tax liability would be.And yes, the way to alleviate that is to add a number to the BRRRR strategy - 1031. 

The presumption here is ZERO debt whatsoever.