1 January 2019 | 2 replies
Unfortunately, I graduated from college with 164k in student loan debt which ended up being 1,780/month.
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1 January 2019 | 9 replies
We then create a second position note on one of our rental properties that is leveraged under 80% and bring up the leverage to 80% as long as the cash flow can support the added debt expense.
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2 January 2019 | 7 replies
That way you are lowering your payments which helps your debt to income ration with your bank when they are looking at your stats to make you a loan.
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2 January 2019 | 9 replies
Your debt service coverage ratio must be 1.25 or better.
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1 January 2019 | 0 replies
Two loans were taken out, but the starting bid covers only 75% of the combined loan amount.
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5 January 2019 | 5 replies
We both hold full time steady jobs outside of real estate which helps with the debt to income.
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2 January 2019 | 8 replies
I wouldn't say they're "scared", but they will look at your debt to income ratio.
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8 January 2019 | 3 replies
I use 10% for both CapEx and Maintenance combined.
3 January 2019 | 14 replies
All checks worked out very well (good credit score, not much in revolving debt, etc), but I did take a risk in doing it.
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14 February 2019 | 26 replies
It is the investor who reduces the cash flow on a property by leveraging debt against the property.