Ellie Narie
DTI ratio if you have no other debt?
Please explain DTI ratios to me. For example, USDA has a 29/41 DTI ratio. They say that your housing payment should be no more than 29% of your income and your total debt should be no more than 41% of your income. But...
Treven May
My next deal
So I've closed on my first fourplex using FHA owner occupy and plan to refinance in the near future. Even with living in one unit I'm still making 250 a month on rent.
So I still have 12k in student loans at 6.5 int...
Richard Huynh
Newbie Buy / Hold Investor looking for advice on first deals
Hello everyone,I would like to get your input on my first buy and hold.I just purchased my first home and was wondering if you can kinda evaluate my strategy and if I am heading in the right direction. My areas averag...
Drew Giltner
Help me analyze this deal
Good morning everyone, I have been researching and listening to podcast on real estate that past few year and I have yet to make a deal. I came across a house that is selling right next to my current home which would...
Quinell Dixon
BUY A FAMILY HOME or RENT
Hey all, My family and I are looking to relocate to Austin Texas from Salt Lake City. I’m wondering, we are really excited to buy a home that we want to live in and hopefully have the potential to house hack given wha...
Sai T.
House flippers triggered the housing crash in 2007
If this true then we see the same in 2017!https://qz.com/1064061/house-flippers-triggered-th...
Clayton Smalley
Looking for input on previous primary residence.
I bought a 3 bedroom 2 bathroom house in Wilmington, NC in 2009 for $205,000. I had to move to Utah for work in 2014, at the time I would have had a hard time selling it and would have been upside down if I had. I fou...
David Spencer
Buy to Live vs Buy to rent
Hi There,I am looking to buy my first house as an investment property. In the near future I may do some long term traveling away from home. Am I able to buy a house to live in it short term (few months maybe), and the...
Tami R.
To sell, rent and more
We got our first house for $12k - we are going to put $13 into it - so $25k invested (loan was for $20k - the rest we are paying cash). Interest at 7.25% 15 year.
If we were to list the house after our 4 week rehab...
N/A N/A
Why is it?
Okay, I'm a mortgage banker that works primarily with real estate investors. Why is it in a market where you fight to overpay for property that real estate investors crawl out of the woodwork to start buying (like 20...