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Results (10000)
Chris Corvil Is student loan debt and low credit history bad?
4 January 2021 | 2 replies

I just graduated and moved to Spartanburg South Carolina from Jersey. Is it possible to still buy a property, qualify for an FHA if I have student loans and a credit history under 2 years? I have a great credit score ...

Wesley Sitser Debt-to-Income Affecting Ability to Get Loan - HELP!
22 October 2016 | 15 replies

Ok, so like it says in the title.I am trying to obtain a loan. The issue is not that I cannot get a large amount for a loan. It is that the payments need to be $1150 or less per month. In my area that is near impossib...

Cody Beard Qualifying for a re-finance with student loan debt
9 November 2018 | 4 replies

I’m close to buying my foray property which I will be using a Brrrr strategy on. The numbers work and everything looks good, but I don’t know a whole lot about refinancing. My question is, will my student loan debt po...

Quentin Thiery Debt Service Coverage Ratio loans - More info about it?
2 February 2023 | 2 replies

Hi BP,I hope everyone is well! I haven't read much about DSCR loans; but as far as what i understand - it focuses more on about the potential rental income and overall health of the investment rather than your persona...

Kale Leavitt Debt to income ratio for short term rental loan?
9 January 2020 | 9 replies

I am new to real estate investing and really intrigued by the short term rental strategy. I recently sold my first business and have a good chunk to invest in my first property. However, I found by talking to a lender...

Justin Madison High Income & No Debt, But No Bank Loan
18 March 2023 | 26 replies

I have a friend I’m trying to help. He owns his own business and makes good money, $200-$300K per year, but he also has many tax write-offs so he shows a much smaller yearly income on his tax returns. His dilemma is h...

Dr. Jordan E Smith Qualifying for a mortgage despite massive student loan debt
3 May 2018 | 14 replies

I'm new to the forum, just heard about it in Brandon Turner's book on rental properties and signed up today. I have been learning about real estate primarily through audiobooks and several real estate agents and inves...

Janel Briones how does {HELOC / additional purchase Loans + debt carried} work?
6 January 2021 | 7 replies

I am obtaining a HELOC on my primary residence to then use for the down payment(s) for investment properties, that I would also have an additional purchase loan(s) on.
What should I factor in, to decide what amount...

Michael Dunn Pay down Credit Card debt, to Increase Loan amount ..........
13 May 2015 | 2 replies

Good EveningI need some help in figuring out what to do with paying off 2 credit cards, and by doing so.... Increasing the amount that I can borrow for the purchase of a property, by another $10,000  ( I came up with ...

Kimberly H. Debt coverage ration (DCR), tax returns, and commerical loans
21 August 2015 | 3 replies

I understand that DCRs need to be 1.25 and above for commercial loans, but what source do lenders use to compute those numbers? Tax returns? Just most recent or 2 years worth? Do they ignore depreciation as it appears...