Dustin Robideau
Any Lenders Count Income Earned From Primary Residence?
Hi BP,Looking for some financing advice as I find myself in a terrific cashflow position that lenders should love loaning to but on paper I'm falling short. The primary factor for both circumstances is that I rent out...
Shawn Stiteler
Small birds (caged) and Fish... count as pets?
I recently just signed a lease on my first rental property. This property was listed as no pets. We did find a very good qualified individual to rent to. However at the date of the lease signing he asked if fish or ca...
Vittal Premachandran
Does activities before closing count towards REPS hours?
I realised that I have clocked up a bunch of hours performing activities that lead to buying my house. These activities include shopping for mortgage, communication with lenders, going to open houses, doing comps for ...
Charles Moore
Lenders who count income from house hacking in DTI?
Can anyone recommend lenders who count income from house hacking in the their DTI calculations for refinancing the primary residence it happens in?I’ve been successfully house hacking for the past year, renting out my...
Kristy F.
Are Materials Included in Bid? What counts are materials?
Hello all! I have a question regarding construction bids. When the contractor that I hired signed the contract with me, he said that materials are to be covered by him, and all fixtures are to be covered by me. Now he...
Samantha Klein
Does capital gains count as income to get financing
I am new here and this is my first post, my husband and I are very interested in real estate and right now have a mortgage on a duplex that we house hack. We are planning on doing some rent to own deals to build capit...
Jinhee Hann
Investment property PITI to not count against your DTI
Put the property into an llc righty after obtaining the mortgage and closing escrow. Create an llc checking account from where the mortgage payment, property tax and insurance will be paid out of each month. After 12 ...
Moses Lin
VA Loan House Hacking - Can I count rental income?
Hey everyone! I'm currently looking to purchase my first property. I'll be using a VA loan and I'd love to house hack with a duplex. On the BP article on VA loans, it says that I can count future income from the duple...
Adam David Graning
2nd home loan without counting STRs on your DTI
Does anyone know of someone who lends on second home loans and will count short term rental income towards DTI after 1 yr of it on taxes (instead of needing it on 2 yrs)? We’re under contract and our original lenders ...
Colter Mann
Does cash flow from properties count towards your income?
Looking at buying multiple properties but am worried my debt to income will drop quickly. Curious If cash flow can count towards your income in order to more easily buy another property.