Michel Moubarak
What do you think of chatbots?
Hey everyone!I attended Inman Connect New York 2017 this January. A lot of the tech talks revolved around automation and chatbots. It was very interesting to see the different opinions surrounding that topic.A lot of ...
Jorge Vazquez
Financing First Rental Property
Hello my name is Jorge I live in Springfield MA and I currently have a single family home that I currently own and live in. The value of the property is estimated to be at $244,000 and currently owe $173,000 so I'm tr...
Eric Knapp
Understanding DTI requirements
It is my understanding that to qualify for a conventional mortgage, banks generally have a 28/36 DTI limit, where front-end value of 28% is based on PITI, and back-end value of 36% based on total revolving debt.
Firs...
Spencer Sutton
What's the real asset - the house or the tenant?
For those of us involved in rental real estate investment it’s common that we focus on the house as our asset. I mean, why wouldn’t we? We spend a considerable amount of time sourcing a house, buying it, fixing it u...
Kim Davis
Utilities and Insurance for an LLC
My husband and I just recently formed an LLC for a rental property we now own. The deed to the property is in the name of our LLC- with my husband and I being the 2 owners/members. My question revolves around utili...
Bilal A.
Sale of Primary home being used as a rental
Hello BPers,I have a question about the sale of my primary home that has been rented for the last year. I lived in the home for 2 years and it was my primary home. Had to move out of state due to work. I was not able ...
Nathan Emmert
"You haven't been a landlord long enough"
How do you talk through that "issue" with lenders? I found a local credit union that would fund my first property and things went great. I went back about 2 months later to get funding on a 2nd property I found and ...
Julianne Kauffman
Multiple Applicants in Same Household
Hello! I have an applicant who submitted her application through Innago and she does not meet my credit score requirement of 600 (she's at 544). She will be living with her husband and grandson however so my question ...
Account Closed
How to Find a Tenant-Buyer with Bad Credit but that will Be Able to Purchase Later?
Hello everybody,I was wondering if anybody had any thorough answers to this topic. I have decided that in the near future I would like to start doing lease options. I already have a home that I was planning to wholesa...
Phil Avery
Seeking Advice on Structuring a $150K Loan for Property Investment via IUL Policy
Hello Everyone, I am in the process of exploring a unique investment strategy and am seeking a loan of $150,000 at an interest rate ranging between 8-12% for a period of 5 years. My preference is for an interest-only ...