Philissa Gilliard
Existing bldg income for loan qualification?
I was listening to a youtube video regarding purchasing multi family homes and was introduced to another way that I can boost my qualifications for a loan. I want to get a fha 203k loan and just learned that I maybe ...
Andrew Yip
Room rentals and financing qualification consideration
Hi BPers, I m just wondering if any of you who lives in big cities and rent your rooms (through airbnb, craigslist, etc) are able to utilize the rent money as loan qualification.I live in a part of the city, where it...
Ronald Logan
Question about Pre-qualification for REO
Hello Folks-I have a question that I am not sure if there is a simple solution or if I need to go thru a long process.I have submitted an offer for an REO and they are asking for Pre-qualification information.The chal...
Guillermo A.
Credit qualifications for a mortgage loan
I have a FICO score of 740 but my oldest credit card is 6 months, I know your credit score is important when applying for a loan, will I qualify for a loan with a short credit history of 6 months?
Jim Lou
FHA loan qualifications and income sources
So I'm really confused about how to qualify for FHA financing. Everything is so vague and obscure when it comes to mortgages. Here's my question:It's my understanding the debt limit is 46.5% on the front end and 55% o...
M. Greger
Typical Qualifications for a Rehab Project
What are the typical qualifications or criteria required to secure 100% financing for a rehab project?
Alik Levin
RE Agent and RE Professional Qualification
Dear all,At what point RE Agent qualifies for RE Professional for the purpose of passive income rules exemption?Here is our scenario:* My wife has just started her career as a RE agent.* We manage several rental prope...
Andrew Hinspater
General tenant screening qualifications & questions
Hello everyone, working on getting first rental property listed out what are some general qualifications or screening questions that I should ask for prospective tenants looking to rent. Any wisdom or experiences that...
Jeremy Petersen
Question about qualification of a 1031 property.
Hello friends, 3+ years ago I purchased a piece of commercial property that I converted into 3 residential units with the intention of holding long term. Now things have changed and I have the opportunity to turn the ...
Abdul Rauf M.
Foreign Qualification of entity for Tax Liens
Hey fellow BP members,I have this question that have been nagging me.I understand that the best practice is register the entity in the State that you are buying the property in rather than go through some method advis...