Jim S.
Does a cashflowing property help or hurt DTI?
My current understanding is that my DTI will actually get worse as I acquire more properties even if they have comfortable cashflow margins. Example below to try to explain what I'm thinking.-----------Let's say salar...
Randy Fauske
Husband and wife investors, whose name to put on deed?
Hello, My wife and I are buying our 3rd and 4th "doors" (same property with a single family and an apartment). Owner financing. Are there advantages (for acquiring bank loans in the future) to getting the loan/deed i...
Kristine Eickman
Questions to ask a lender for a STR
I am looking to purchase a vacation home that I plan on using as a short-term rental. I have done this once before, so know that I will need an investment loan vs a second home loan. It has been a few years so I wante...
Quentin Mitchell
What do you look for?
When you are looking at rental properties what some of the things you look for in the home. ( I am only talking about the property itself and not the location)Structure? Hardwood floors underneath?Landscaping?Bedroom ...
George Gray
Estimating Shortcuts
I thought some of the newer folks might find this thread helpful. Experienced rehabbers please add to the thread. We may all take away something new. These are a few of the shortcuts I have learned over the years:
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Matt Lane
Appreciation vs Cash Flow
I’m finding 7.5% rates on the properties I’m looking at purchasing. That pretty much wipes out cash flow. When do you choose appreciation over cash flow?Specifically, buying properties in college towns and renting out...
Geoff Blinks
How do I find the number of housing units in an area?
Is there a way that I can find the number of units of housing in a geographic area, including apartment units? I'm trying to figure out raw number so that I can calculate the shortage of housing based on population an...
Edward Adams
HOMEOWNER SOLD "SUBJECT TO THE EXISTING LOAN" AND WANT TO GET A NEW HOME LOAN, WHAT DOCUMENTS CAN I PROVIDE THE SELLER TO INCREASE THEIR CHANCES OF QUALIFYING
I HAVE A HOMEOWNER WHO IS ATTEMPTING TO GET QUALIFIED FOR A NEW MORTGAGE. WE BOUGHT THEIR PROPERTY SUBJECT TO THE EXISTING LOAN 18 MONTHS AGO.
WHAT DOCUMENTATION CAN I PROVIDE TO THE RESPONSIBLE HOMEOWNER IN ORDER...
Justin Zautner
Basement With Low Ceilings
I purchased the house I’ve been renting for the last 7 years at a discount. It’s a small 3/1 late 1950’s ranch. We plan on upgrading and then cash out refi or using a Heloc to start our investing journey. We plan on...
Adam Craig
Would I qualify for convention refinance?
When I first start 8 years ago I was doing conventional loans. After I burned through 10 of those I started to seek alternatives like commercial banks and LendingOne.
Since then, I have had all my conventional loans ...