David Lamb
The FLAW with BRRRR -- The 3rd 'R' - Refinance
I'm sure there is a creative workaround but the trouble I am finding with BRRRR model is the Refinancing part!! More specifically, I can't seem to refinance due to my Debt to Income ratio due in large part to BRRRR!!...
Brandon Stewart
How to determine how much home you can qualify for
I have a few people interested in a house that I am advertising Rent to Own, and i'm having a little trouble pre-qualifying them. I'm trying to get an estimate on how much of a home they can afford based on their debt...
Michael Jiang
Would being a KP affect your ability to get conventional loans?
Hi BP, I was wondering if being a KP on a non-recourse Fannie Mae loan affects your ability to get conventional loans for SFH?
Phoenix Ocionna
does PITIA of a positive cash flow property get added to the debt part of your DTI?.
sorry for the long post but i was wondering if anyone knows how Fannie treats rental income for DTI. i found the following conflict:with regard to how Fannie addresses rental income as shown on a schedule E when calcu...
N/A N/A
Are my calculations correct ?
Hello,
These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.
Thank you.
Bought for 280,000
20% down payment = $56,000 ( $280,000 x 20% = $56,000 )
lo...
Preston Kirkpatrick
Initial Investment Analysis
Hey BP, quick question:When analyzing a potential rental home investment and/or house flip deal, what data do you gather in order to make a sound analysis? Where can I obtain that information without having access to ...
Chris Krull
Zombie mortgage haunting
Without getting to far into the weeds...I had to file bankruptcy (chap 13) in 2015, in which I surrendered a mortgage. Fast fwd. to today. I am 7 months out from discharge and preparing to re-establish bmyself and mak...
Aaron J.
Back to the basics! Remind me...
I need to be reminded again of the basics of the property acquisition investment concept and how it works. But let's say I buy the first investment and rent it out and cashflow between $100 to $300 a month. How is it ...
Alexa K.
Will I Have a Problem Refinancing after Buying Cash?
Hi all! I'm finally ready to make the leap and purchase my first buy-and-hold rental property. I've recently found one that I like a lot, however they want cash for it. While I have about half the cash on hand, I'd li...
Jason Malabute
Stresss testing your underwriting
What’s your guys favorite ways to stress test your underwriting? I heard there’s 2 most common ways to stress test underwriting:1. See what happens if interest rates increase before you close 2. Seeing what is the low...