Steve Buchanan
Adding ADUs to Multifamily in California
Does anyone have experience adding ADU's to 5+ unit multifamily buildings in Los Angeles or elsewhere in California? I see deals highlighting this as a potential option, I'm just curious if once completed how lenders ...
Brent O'Reilly
DTI with the BRRRR Strategy
Hello!I am a homeowner in the suburbs of Cleveland and am about 2 years into a modified BRRRR property. I bought a foreclosure, fixed it up over the past two years while living in it and am now refinancing (cash-out)...
Jeff Brower
Lender wont count rental income in DTI if taxes are self filed?!
Has anyone heard of a newly released IRS rule that requires you to file with a professional if you want to use rental income in your DTI for new loan qualification purposes? I just went to get preapproved and my lende...
Chris Mylan
House Hack #3 - Debt to Income Issue
Hi BP,After two successful, cash flowing house hacks in the DC area, my DTI is pushing 40 percent. I will not be approved for a third loan without a little ingenuity. My goal is to put down less than 20% on a third, o...
Eric Z.
How are the 10 financed properties counted for married couple
I’ve talked to many lenders, so far I have 3 different versions of about this 10 financed property rule. version 110 financed properties per person as long as one person take the loan on each purchase. Couple can hold...
RJ Martin
Metro Charlotte Networking
Hello Anyone in the Metro Charlotte area. Looking to network and build relationship/partnerships with other investors. I am looking to learn and share experiences with anyone looking to build. Looking forward to meani...
Paul S.
Experience with seasoning on rental income (Fannie Mae Guidelines)
Has anyone had any experience with getting around the seasoning requirements for rental income? With the properties we own, all of which are financed, we have reached our max debt to income ratio. From what we unde...
Collin Hays
A report from the Smokies
I went to the Smokies last week to check on a few properties, meet with my management team, and do some fly fishing. Here are my observations:
Gatlinburg was still relatively busy, but not like a typical summer. Se...
Brock Lile
Can we buy a rental property via FHA through my wife?
Hello everyone.My wife and I were talking last night and she actually brought up an idea I didn't have an answer to. I'm sure someone here knows.I bought my current residence in '08 via an FHA loan. I recently got mar...
Josh Green
Appraisals, DSCR loans and ADUs
Hi All,I've been looking at a single family property with a detached ADU (has 2 units!). The adu is not permitted and I was looking to purchase this with a dscr loan. Anyone have experience with appraisers and how the...