Michael Jiang
Would being a KP affect your ability to get conventional loans?
Hi BP, I was wondering if being a KP on a non-recourse Fannie Mae loan affects your ability to get conventional loans for SFH?
Jackie Mesa
Trouble Getting a HELOC on my house
Hello Everyone,I have a home free in clear and i was recently trying to get a HELOC. The bank denied me because of Debt to income Ratio. My house is worth way over 400K, what would be the best way to approach this? Th...
Kirkland Kearse
Lending to personal Low Credit score and high Debt to Income Individual.
Hi, after the answers on my previous post, reevaluated the properties in inherited. Estimated value $1 million in assets. After watching so many videos, one thing is not true, I cannot find asset based lenders who wil...
Perry Apawu
Payoff debt first or Investing ???
Hey everyone, over the last two years or so I have been trying my hand at wholesailing with no real success, now I was at one point in time one of those newbies who was gullible enough to believe that you don't need a...
Fletcher Clardy
Tabletop underwriting and the 5 data points!
I was working on a tabletop underwriting for a multi-family asset. While searching through the OM (offering Memorandum) for 5 data points (NOI, pro forma NOI, sources/uses, debt, exit strategy) I was only able to iden...
Brady Ascheman
Does LLC make your properties not count against personal DTI
Hi everyone,
I have heard from a couple different people if you keep investment properties in an LLC it doesn't affect your personal DTI for banks. Can anyone elaborate on this or tell me if it is true?
Zak Thompson
Loan to Value Ratio - Critical or Not
Hi BP Community,
I'm analyzing a my first CRE deal and I've built out a very dynamic model in order to run CF projections. The total build will be roughly $4 million (Equity = $900k and Debt = $3.1mil). The end goal ...
Caleb Smith
Debt Service Coverage Ratio Loans
On the last step of the BRRRR process, I am wanting to use a loan to refinance the property and pay back the hard money lender.
However, the lender I spoke with said it would be hard for me to qualify based on my pas...
Andrew David
Cash Out Refinancing On a 4-Unit Property
When looking to obtain "cash-out" refinancing on a 4-Unit Multifamily Property, how do lenders think through sizing the loan? Is it based on residential methodology (e.g. market comparables) or more so commercial meth...
Alejandro Flores
Brrrr & Mortgage at the same time
I am living in an owner occupied (OO) apartment financed from a hard money lender (HML) and my only debt in the bank system is the lease of my car.
Can I get a mortgage for a 2nd apartment with my salary and then ref...