Blaine Alger
Cap rate Calculation Question
Why do you not include your monthly mortgage when subtracting operating expenses from your Net income. Seems to me this could lead to some misleading numbers when evaluating properties. If anyone could clear this up ...
Rebecca Bauer
Cleveland OH - latest eviction info
Consider putting debt collection language on all your notices; notifying your tenants you are in fact a debt collector as this latest information is now making evictions fall under the debt collection practices proces...
Jackie Nguyen
Refinancing with hight DTI
hey folks, i have a primary home with a mortgage and an investment property with a tenant inside and no mortgage on it. I recently acquired a building that i will be turning into a restaurant. I want to either cashou...
Andre Chouinard
How is a HELOC factored into DTI for future mortgages?
I am pursuing a HELOC of $65,000 on my owner-occupied duplex and was wondering how this will affect my DTI ratio when applying for future mortgages.For normal consumer credit cards, the lender adds up the minimum paym...
Daniel E.
Can you email a nonperforming (NPN) borrower?
Wanted to know if it is legal to email a borrower. I have the work / personal email (borrower is an unaffiliated realtor) and have not been able to get a hold of the borrower. Wanted to try email, just to get the dial...
Larry Bly
Deal analysis for Industrial Condo, advice appreciated.
Hello,I have the possibility of investing in an industrial condo located in Florida. Running the numbers it seems OK but not great, I would like some input and opinions from more experienced investors. First of all ...
Justin Hennig
Does a HELOC affect debt/income when applying for conventional loans?
Considering a HELOC on primary residence for further real estate investment purposes...would this affect a conventional property loan application since it is "secured debt" or mostly just affect credit scores?Any help...
Lauren Bennett
Any success stories of paying off debts?
Hey guys!I’m a writer and I’m currently working on an article about how to pay off debt, while on a low income. Just wondered if anyone wanted to share their success stories with paying off debts?Include what you did ...
John Lee
Payment rules for the first, when buying a second home
Hi all,
Will lenders look at the just minimum mortgage payment that’s on my credit report or will they include the HOA and home insurance (Those 2 are not escrowed) in my debt to income ratios when they’re qualifying...
Stephen Nava
What is considered debt?
If my primary home is free and clear, are the home insurance and property tax considered debt? There is no escrow account and it does not show up on my credit.