Michael Caldwell
Do any DSCR lenders appraise based on rent?
My understanding is that DSCR appraisals are on the basis of market rent and property value based on comps. Do any DSCR lenders appraise on the basis of ACTUAL rent?I ask since a property we're purchasing is going to ...
Vivek Kumar
Mixed feeling on the application. Help me decide
I got a rental application by a couple with 3 kids for one of my property. Monthly joint income is 7X the rent and one credit score is 630 another person is: 712. They proof of income looks satisfactory. The only part...
Maria Christina Silva
How to Buy a House with an FHA loan as an unmarried couple?
Is it possible to buy a house as an unmarried couple together with an FHA 3.5% loan if one of the people in the couple has good credit but no steady income (an entrepreneur, not willing to take a full time job at the ...
James Roux
Settling on debts in collections before investing
Hello guys just need to get some advice as for my route to getting ready for investing in real estate. I feel like it would be a good idea to clear all my personal debt before I even begin. I'm 27 and I had a stude...
Michael Dunn
Staying withing DTI needed Ratio(s) .......
Good afternoon,I am sitting here, browsing the internet for current 2015 on the max DTI on an FHA load, while at the same time deciding if getting an unsecured loan will halt my plans on purchasing my first propertyHe...
Jessie Redd
Using hard money for the first time
I am an experienced flipper. I usually use my own money to fund deals and do the painting, carpentry, backsplash and hire out the electrical, plumbing and HVAC to contractors. I recently paid off the mortgage on anot...
Belinda Fello
Unknowingly rented to a sex offender.
I rented my first property! The background check was clean, he had a good score and great income. After I gave him the keys he thanked me for giving him a chance. I was confused and then he disclosed he had to go to c...
Account Closed
refi and credit scores
Greetings All,
My business partner and I are planning to buy a homepath property. We want to refi this property as soon as possible. My question to the forum is about the credit score requirements. Are cred...
Jared Khan
Partnership - Financing Issues?
BP - a close friend of mine has $100k liquid and wants to invest it RE with me. Preferably a long-term rental/hold, but flipping isn't out of the question should a deal present itself. Our idea was that I/we use the l...
Chad M.
Lending Partner for my Empire
Hey BP!! I'm relatively new to real estate investing and ready to scale up. I currently have two single family homes in Denton TX (both cash flowing) and looking to buy a multi-unit property in the coming months. Inst...