John Martin
Rental Income not included = high DTI
I am trying to apply for new loans but several lenders came back and said my DTI is >50%. However, they don't include any of the rental income of my investment properties because it is <2 years on the market and...
Account Closed
Independent contractor Agreement. What to include?
Hi everyone,I'm trying to put together an independent contractor agreement. Any tips on what to include? Is there any place I can find a draft so I can have a general idea of how the agreement should look like? So far...
Marti Munford
Utilities... who pays and what's included?
Hi everyone!I'm on a quest to learn as much as I can in 2017 and buy my first deal by end of year or early 2018 in the ATL area.I'm running analysis on 2-3 deals a day and I keep getting stuck on utilities. When I was...
Michael Barnhart
"General Letter" included with cash offers?
Hello BP! Has anyone been asked by their realtor that they need to submit a "General Letter" along with their cash offer stating that you have a private lender that will be funding the deal? I will have a Promissory N...
Christopher B.
Down Payment Assistance included in DSCR?
Hi, I am putting together a multi-family deal. I am planning to have part or all of the down payment provided by a private investor, which I will pay interest to, and refinance after a few years, once I add va...
Ryan Y.
including washer + dryer in a rental
I am preparing to rent out my property. It has a washer and dryer hookup. I am wondering if I should include a washer and dryer with the rental.With a washer and dryer in the unit there is the potential Pro of increa...
Jessie Keating
Offer Accepted - NOW WHAT {Pics Included}
I am terrified, but I don't want to let the fear prevent me from the smartest decision.I own a home now, and my offer was just accepted for my new primary (seriously - hit every check mark on my dream home list!). I a...
Zach Taylor
Rental Income not Included for DTI?
I closed on a tri-plex deal using a small local credit union for financing. Conventional Fannie/Freddie lender. I had some back and forth with them regarding DTI and how they calculate it. They would not include renta...
Brandon Turner
Capital Improvements Included in an Appraisal?
Hey all - I'm getting an appraisal done on my apartment complex this week and I'm wondering if anyone knows: Will an appraiser include the "CapEx" in the valuation? Like, I spent $25,000 replacing the siding on part o...
Anthony Nichols
Whats included in the ideal contract?
I've been trying to find the ideal purchase contract for a while now with little success. I've decided to just have one written up, so I want your alls opinion on what is neccessary as both the wholesaler and the end...