Daria B.
NPN and Chapter 7 vs NPN Ch13
hi all-I've purchased NPN that were in BK13 and understand the implications of the BK13.I understand what Chapter 7 means as well, but, what I'm missing is how the workout generally goes. Is it a foregone conclusion t...
Vik C.
Financing Question on DTI
Hey guys,I own my own place in NYC with a hefty mortgage payment and building maintenance/tax fees etc. I have no other debt.Currently my DTI, if I include the mortgage and the full maintenance monthly fee for my buil...
Wei Jie Yang
Accredited Investor question
Hi guys, Question about getting accredited investor status. If my current primary is worth over $1 million free and clear, and I buy another house that I will use as my primary going foward, does that mean my current ...
Mark Chin
Refinance part of BRRRR
Hi officially my first post :-). Anyone know how lenders determine the income allowed from an income producing property to determine d/i ratio ? What line on the tax returns is used, and the formula ? Also looking to...
Steven Bays
Should I stay or should I go?
I bought a duplex for 128k when the market suggested 140k. I have an amazing renter for 6 more months. Before I stopped thinking about real estate investing and starting applying action, I made some decisions I may ha...
Brett Danehey
Lending when maxed your D2I
1st off I've been scanning and combing the forums posts to try to find some info on this and I haven't found much. So my predicament is that I close on a property on Nov. 30th, but this property will maximize my Debt ...
Chase Hancock
Can I qualify for an FHA?
I am 20 years and I live in Fresno, CA. I wait at a restaurant and I bring in about 2k a month from my paychecks and tips combined. I really want to just buy a small multi-family home already and start house hacking. ...
ReLana Morales
Debt to Income Ratio while married
Hello! I'm new to real estate investing, but I already have one rental property (we're renting out our old house). I would like to purchase another property soon, but have a question about my debt to income ratio. Sin...
Sean Harper
Newbie Financing Advice
Thinking about making the first purchase:roughly $90K sale pricePlan to purchases with 100% Home Equity Loan 7% interest only for 12 monthsInvest $20-30K in renovations (using 7% interest loan)Anticipated value $150KT...
Allen L.
What to tell lender when they ask for "Monthly Debt" figure?
Hi guys, I am looking to purchase a 3 flat in the city that I live as a live-in owner-investor. My only other rental property is in TX. If a lender ask me what my Monthly Debt figure is, what exactly are they looking ...