Kieran Mullen
Hard money loans based on wholly owned owned mixed assets possible?
Wholly owned industrial building officially appraised at 1.8 without improvements that are currently underway.Looking for a LTV for 50-60% short term loan to purchase a farm. Currently able to make payments based on...
Reece O.
FHA, Multifamily and Use of Current Rents as Income?
Hello,
I have read when applying for a FHA loan you can use 75 percent of currently rented units for your income. Is this true?
So if a duplex rented $500/unit, could I add $375 to my income? How is this affected if...
Raul Gil-Azamar
Lender using current leases on property towards buyers income
I’m wondering if anybody else has had experience with the lender using the current leases and the rental income on a property that the buyer is purchasing Towards their income?
Roy Rodriguez
Payoff Your Home In 5-7 Years On Your Current Income
I understand what you're thinking. This sounds too good to be true or it's a scam or there's got to be a catch right? Nope. We're just using a product that most banks offer. It's a simple Home Equity Line Of Credit (H...
Sara Robin
How can I get a mortgage loan without a current income?
Hello! I currently have $150K equity in my current home and $300K cash on hand. I am looking to sell my current home and buy a new primary residence($500K value) but dont have a monthly income. I recently cashed out o...
Clinton Miller
New Dentist/ Real Estate Investor in Fessenden ND
I moved into the area from Provo, Utah after purchasing a dental practice in Harvey. I'm learning all I can about real estate so that I can create a passive income stream for my retirement. I currently am working th...
Joshua Raley
How are lenders handling this situation?
Lender's please help. I'm a bartender, therefore my income is 100% tips on my W2. Before covid I was pre approved for upto 150k, based on my 18 and 19 W2's. Now obviously my wages will be much lower this year due to t...
David McMahon
Strategies for this rate environment with no (current) W2 income
Looking at several out-of-state regions to find the right mix of cash flow, CoC, stability and growth potential. Aren't we all?Given my situation however, I'm finding it near impossible to find any deals structured i...
Todd Kozak
Previous year passive losses offsetted by current year passive income?
Hello my fellow investors!I had losses on my rentals last year as passive losses (I'm not a professional real estate agent).I make $150k so cannot use them to offset my capital gains. This year if I have gains on my r...
Ryan Moore
How to use income from current rental for future loan
I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:1) How long do I ha...