Michael Wolffs
Total purchase price vs cash in - Which count (or do both)
Situation: I own a three family house, fully rented, through an LLC. I'm the sole member. The LLC didn't take any debt to find the purchase or rehab. I have some personal LOCs I've used, plus significant cash. I...
David Zheng
Do Properties in Soley Owned LLC count towards 10 Property Limit
I have a solely owned LLC with a commercial loan and one property on it. I own 8 other properties under my personal name.Right now I want to buy a primary for myself but recently I just saw an attractive 4 unit go up ...
Ryan Phillips
Does military retirement pay count as W-2 income for life?
I know when banks loan, having a W-2 income source is a huge factor in lending. Does anyone know if this applies to retirement pay? Sure would be a good incentive for someone looking to invest in real estate to hit ...
David Rutledge
Existing rental properties count as debt or income for new loan?
Hi everyone,So I am starting to get the ball rolling on my next investment and I am trying to gain some information as to what I can expect to be able to borrow with my current situation. I am toying with a few ideas....
Logan Allec
Non-Taxable Income for FHA Loans: Do 401(k) contributions count?
It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
Robert Cummins
does a retirement loan count in my debt to income ratio
Hello my question is will a Civil Service retirement loan be counted in my income to debt retio...it will not be on my credit report and when I retire I will no longer be required to make the monthly payments because ...
Matthew Johnson
Funding a deal when I can’t count commissions until next year
I can not qualify for a long term loan until March of 2020 since my debt to income will be too high. I will have 2 years of commission under my belt at this point and will be able to qualify for conventional financing...
Ken Virzi
Not being able to count rents as income is killing me
My tax guy is good, so he shows my rentals as taking losses with depreciation etc and as a result when I go to get more loans, I cannot count my rental income. Since banks will look at my mortgages but cannot count a...
CJ M.
Do multiple credit hits for a commercial loan count as one?
I guess I never really thought about it before, but I'm in the process of refinancing a single family rental via a portfolio loan with one of two local community banks. They both ran my credit, so my question is are t...
Devin E.
Does the addition to the house count towards the square footage?
Good morning, I'm interested in a property in Idaho and it has an addition that may not be permitted. I know in California that this addition if unpermitted does not count towards the square footage. I was told that i...