Wyatt Fike
Need advice on financing a duplex with low income
Hello, I'm looking to go to lenders sometime soon to get pre-approved for an FHA but I have lots of questions whether or not I meet the qualifications especially with the price of duplexes in Pensacola, FL. I'm curren...
Michael Clevenger
Low income apartment. To invest, or to not invest?
Looking at a low income apartment complex and I'm only a few steps away from sending an offer. Before I do so, I'd like to see what the BP community has to say. Do you have experience with low income properties? If so...
David G Vreeland
Creative Financing for 700k in property, Low (current) Income
Looking for recommendations on creative financing for two properties that I own outright. I currently have low reportable income due to recently going completly self employed in 2023, and rehabbing these two properti...
Greg Castor
Low Income Senior Housing, HAP Contract, Should I buy?
I have found a Low Income Senior Housing apartment complex that is operating under a HAP contract from HUD. This property is in a very tiny town in rural Missouri, and if it were not for the HAP contract, the communi...
Account Closed
Finding financing with low income and a little cash
I’ve seen similar posts to mine but why not start another! I’m self-employed and have been for several years - lately I have cut back my “paid working” to one week per month which covers my bills, and the rest of the ...
Brice Hall
Purchasing 4 low income rental properties analysis and discussion
Hello everyone!As the equity market gets more and more unpredictable i'm looking at putting money in real estate rental properties. This will be my first deal and venture into real estate. As i am living in NYC curren...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Assaf Kehati
Help with getting a mortgage for low income person
Hey guys I need your kind help and expertise!Here is the story:I have 90K cashI'm looking to buy an investment property for cash flowMy credit score is great (above 800)I don't have any debtIt's the first house I'm bu...
Vernon Anderson
tenHow to get approved for multiple mortgage? Low income
Want to start investing in rentals. Looking for advice on the process for getting approved for multiple loans. Do I need to show cash flow from each property?
Ryan Ahlgrim
Applicant is Section 8 but has low monthly income...
I have an applicant for a rental, single mother with 2 kids. She qualifies for Section 8 but her monthly income is far less than 3x the monthly rent.
I know Section 8 should guarantee rent gets paid on time each mont...