Caleb Heimsoth
FHA loan and then investment property too much debt?
Hello,
I recently thought about this jdea. If for my first home I use a FHA loan and put down 3.5 percent or even slightly more and then turned around and bought an investment property a couple months later, would t...
Cody Evans
Best Way For Teacher To Repay Student Loan Debt
Hi BP, This is off topic but everybody here seems pretty keen on finding loopholes. I am in student teaching for my math credential and looking to repay my student loan debt. What grants or debt forgiveness programs c...
J.C. Martel
Debt Service Coverage Ratio (DSCR) Loan w/ 10% down
Does anyone know any lenders that require only 10% down on a DSCR loan?
Reid Beckers
High DTI - Student Loan Debt and What to do?
Hi All,Have a question for the forum and looking for some suggestions or insight on our issue. We are eager to start the REI journey and especially looking at using the BRRRR method for our first deal.I have a W2 job,...
Harry Williams
Being the bank in your own multi-family real estate deal?
I am considering a partnership with a real estate investor to buy and hold multi-family real estate deals. We will call it "XXX Company" for example. The partnership is 50/50 (as defined by our operating agreement), a...
Stephen Weber
Preferred Return
I met with a developer yesterday and during our meeting he stated a 40% “preferred” return to partners. That got my attention, and although I do not want to talk numbers here, the point is that he is looking for a loa...
Raeven S. Reivers
Debt to income ratio with traditional loan financing big factor?
Hi all! Some help if you have...So I decided to take the conventional route and managed to save up a 20% down payment on the 150k-250k range of multifamily properties(2-3 unit preferably).The savings actually comes fr...
George Sharrett
Debt ratio too high for loan due to other properties...
I am in the pre-qualifying phase with a lender. She is concerned that my debt ratio is too high. I own a single family home and two duplexes with a partner in an LLC. Our accountant showed a $200.00 loss for the duple...
Kyle Foutch
Personal Debt to income ratio affecting mortgage loan with llc?
If my debt to income ratio is currently too high to be approved for a conventional mortgage loan, can I start an LLC and get approved for a mortgage loan through the llc? All provided I’m putting down 20-40% down of c...
Michelle Watt
investment property debt - cause issues for getting a home loan?
Hi All,Apologies if this topic has been discussed before, but I can't seem to find such threads when I do a search. I am a newbie investor looking at buying my first multi-family properties (meeting with lenders, brok...