Mohan Dag
Conventional Loan qualification to purchasing home
12 October 2016 | 8 replies
The key is that 2 year work history that you'll need to establish.In certain circumstances you can use the income before you even receive your first paystub (certain relocation and job change scenarios), however typically you'll need to receive atleast 1 paystub to use it.If you have had no work within the last 12 months preceeding this new job then you may need to be on this job for a min of 6 months before you can close on this new loan which would hamper your plans to close within 45 days on this duplex.Then again scenario #3 if you have the credit and the down payment and the property cash flows from conventional underwriting perspective and you have "no credit card debts," on your credit report then you may be able to qualify any way since your debt to income or DTI will be 0% (property cash flows) no debt outstanding to qualify for as the duplex will be adding income to your scenario.I've had an underwriter okay scenario #3 above but have never funded a deal like.
Kevin Kelly
Need Funding
24 October 2016 | 11 replies
Don't assume that you'll receive 'X' amount every month because the seller said so.
Ashley Salinas
Finding a mentor in Houston // starting out need advise
3 October 2016 | 2 replies
Hello BP, I just received contact information for a local wholesaler here in Houston and I want to ask for his help with getting my foot in the door.
George P.
Hme Depot free carpet installation
9 October 2016 | 16 replies
The only downside to them, and i don't know if it's typical or not, is the fact that they have to sell the carpet in rolls of 12x12.
Letitia Glenn
Tenant wants to paint house exterior in lieu of Security Deposit
4 October 2016 | 29 replies
I explain to my tenants who want to do handyman stuff that I issue work orders, receive bids, and select who does the job.
Shelly Nutt
Texas Newbie
11 October 2016 | 7 replies
I don't have a lot of cash laying around and typically have very little left over at the end of each month but am determined to start collecting rental property.
Ann Bellamy
Need an attorney or title company referral in Riverside, CA
28 November 2016 | 10 replies
It appears to be on a reservation because the Bureau of Indian Affairs is involved, @John D. and it also appears that that it may be a contract for deed (land contract, installment sale contract) where the seller received full payment over time, but never transferred the ownership to the buyer even though it was fully paid by the end of the contract.
Engelo Rumora
House Giveaway
3 October 2016 | 4 replies
G'Day everyone,There is a rule of life and it goes like this:“Give others what they want and you will get what you want”As corny as this might sound but I have always enjoyed giving more than I do receiving.
Mark Watkins
Any experience with Jordan David Financial Services?
2 October 2018 | 24 replies
Additionally, he was very clear he didn't deal with third parties and would not wire money to attorneys or closing agents and certainly not before receiving the fee.
Jai Deva
investing in 100K house in A/ B+ neighborhood or 50K houses in B-
5 October 2016 | 11 replies
We do turnkey in Birmingham and we focus solely on B/B+ properties, which typically run from $65k-$120k depending on the property and the locations, average rent of $950, so we know the area well.