Michael Campbell
Can't use a private money loan for down payment
I've tried several times to get a loan for an investment property and each loan officer is telling me I can't use private money for the down payment. How else am I supposed to come up with a down payment? I don't un...
Charles Roy
School Loans and Getting into Real Estate
Hi everyone!I have a few question, but I need to give some background information to help with the decisions.I currently have $43,000 in school loans and am 27 years old. I also have a potential deal in place with my ...
Eric C.
SEP IRA contribution and loan qualifications - DTI calculations
I am looking to make a sizable SEP IRA contribution to reduce my tax liability, but I don't want to hurt my ability to borrow in the future by not making enough income. Is SEP IRA contributions added back in the way ...
Sholei Foster
using the calculator for brrrr/ hard money loan
If I use a hard money loan for the acquisition, would I leave the "cash price" unchecked? If I check the box I have all the drop downs I would use except for the amortization years. Unless I am supposed to put 1 year,...
Jonathan Steiger
Including home improvement loan in rental property calculator
Is there a way that I can include a home improvement loan in the rental property calculator?
For example, the duplex we have has a 25 year mortgage at a 3.75% interest rate.
If we get a 12k home improvement loan at...
Carlos C.
How to accurately calculate Loan and House Payments?
Hi Everyone!I've only purchased a Home once (I don't own it anymore), and every calculator (even including Tax and Insurance) would predict my payments being way less than actual payments.My loan was for 120,000. Mont...
Kevin Andrews
How to calculate two loans on same property
Hi all! I'm trying to use the BP calculator for Flipping and for Renting and only have 3 uses left. I am looking to purchase a 4 unit house, in foreclosure and was planning on offering 30,000 for it. However it needs ...
Kelly Terry
How are Investment Property Mortgage Loan Amounts Calculated?
I am researching financing for my first investment property, and want to know how the maximum loan amount is calculated for mortgage loans for investment properties by banks? My only point of reference is going throug...
Michael Dunn
VA Loan .... How to do the CORRECT calculations ??
I am trying to wrap my head around the VA Loan , and how it works, via all of the Ins and Outs of this particular loanA question I have please is:Can you Purchase 4 RENTALS with a VA Loan, as long as each Rental does...
Christopher Beasley
Help calculating DTI with rental income VA loan
hypothetical using most real numbers I have. Assuming I already live in my first VA home. I will have enough entitlement for my second home.
Current income: $7638
Current VA home:PITI $1832, credit card minimums $26...