Walter Correia
Debt to banks come ratio
I'm currently looking to purchase a second home. It's a good deal and my wife and I are looking at a debt to income ratio of 44%. My question is, will we be able to get another home loan if our debt to income ration i...
Alfredo Sanchez
Credit=Strong DownPay=20% DTI=High = :( Options?
Hello BP Community,
I’m looking to take that “first step” but unfortunately when i tried applying for a pre-approval i was denied due to my hIgh debt to income ratio. I minor set back or maybe a slap in the face by ...
Daniel Rutledge
Using Tax Rebates from a Solar Loan to invest or pay off debt
So this is going to seem non traditional but I thought I would share as I am always looking for creative ways to help my bottom line. I am installing solar on my primary home but this post isn't about why or why you s...
Garrett White
Websites to Research Owner Phone Number
I am building a database of apartment owner’s phone numbers so that I may follow up with them after mailers. For LLCs, I’m researching the Filings found on the Secretary of State page, but am running into the problem ...
Kevin Pinkard
Financing without personal impact
I was just told by a lender yesterday that my debt to income ratio was above 45% so I need a cosigner for an investment property. The key thing that sticks out to me in this conversation was that by having a primary ...
Account Closed
Question about 50% Rule
50% of goss rent goes to expenses right?What expenses are those?Does it include insurance or PMI?Or insurance and PMI is in my mortgage?50% gross rent for expensesAnd 50% for mortgageSo insurance and PMI is an expens...
Christopher Beasley
Help with DTI denials moving from first home to 2nd
I am pre-approved for $350k. I am using a VA loan and must live in the house for a year before I can move. The payments would be $1976 because I am exempt from taxes. My income is $7600 a month and I have $600 in debt...
Dennis L Lewis Jr
Can I get your Input?: Deal Analysis
Hey BPCan I could I get some input on this spreadsheet I put together? I was analyzing a this 9-Unit Property, and for some reason the numbers do not seem to make sense. I feel like this property should be cash flowin...
Vik C.
Do I have my math right?
Hey guys. I am kind of an Excel nerd and spent some time putting together a cash flow model for passive (with a property manager) rental properties. Can you guys please review my math and let me know if there are any ...
Harsh Singh
Advice on a 6-Unit Multi-family deal I am evaluating
Hello BP community,I am looking at deal in my local market that's priced at $425K. This property will need about $75K in rehab and the market rents would increase between 5% and 8% once the rehab is done.I am trying ...