Amy Parra
Will a hard money loan affect your debt to income ratio?
I plan to use a HELOC to buy my first property with cash in order to BRRRR. I'm wondering if this will affect my ability to refinance the property since it will give me a higher debt to income ratio.
If I use hard m...
Gregory Schwartz
DTI: How do different loans effect the debt side of DTI
I have different loans and I want to know how they will affect my DTI
1. Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed. Do the taxes and insurance on...
Colton D Lawrence
Creative ways to Improve Debt-Income to Qualify for Loan Approval
Hello all,
I'm looking to buy my first multi-family. I have a large lump sum saved in an investment account for down-payment and any additional costs. I currently have no debt and make under $100k a year. Because of ...
Yan Guo
If you have 500k to invest......
What would you invest if you had $500k to invest?
Mark Grozen-Smith
Short Term Rental Expense Ratio
Hi BP friends,I'm looking at acquiring a property for use as a short term rental (STR) and I want to know what the typical expense ratio is for a STR. I know the benchmark for multifamily is ~30%, but I haven't found ...
You want to retire, but you’ve got credit debt, auto loans, and student loans. It feels like every time you get your paycheck, it quickly slips away, and at the end of every month, you’re left in the same position, or...
John West
How does my credit/debt look after getting several loans in LLC?
I have an LLC that is 1.5 years old. We just purchased our 4th investment property (long term rental - multifamily) and things are going great. However, I was just rejected for a used car loan because of my debt to in...
Michael Montgomery
Will an SBA loan count as debt for a residential home purchase?
Hello. I'm in the process of getting an SBA loan for my business which is self proprietor, self employed. My question is if this will be counted as a monthly debt for my dti ratio for a home purchase down the road. My...
Andy Pham
Debt-Income when doing cash out refi or taking a second loan
I must be missing something because I can't seem to figure out how people say that "take all their money back out" and invest it in another property. How do you qualify for another loan if you do a cash out refi or ta...
Nathan Duncan
Any luck securing financing with high student loan debt to income ratio?
Seeing that most college graduates leave school with a mountain of debt versus their income from their employment I was wondering if anybody has had any luck securing traditional financing with a high student debt t...