Mike Rueffer
Looking for Loan Options
Long story short...I'm a recent college grad who is looking to purchase an investment property. I'm living at home for now, I have a good paying job, I save well over 1/2 my paycheck. Where do I go to get a loan. I do...
Jesse Sheeran
Small Biz owner- is SBA style loan better than a FHA loan?
I have a small business that does about 400k in revenue annually. I took 80k in salary in 2018, 2019 it might be down a bit as I reinvested in the business.I have access to about $300-$350,000k in savings. I have nev...
Jerry Cossack
Renters planning to sublease
I have 2 prospective tenants (a couple) who would like to sign a 2-year lease with the option to eventually sublease. They are planning on being in the apartment for the next year, then moving for a job for ~9 months...
Jacob Hanson
Tenant screening: Debt-to-Income or Rent-to-Income?
It seems like it's most common to use a 33% rent-to-income ratio to screen tenants, but debt-to-income seems like a smarter way to screen tenants to me. A tenant may have a good RTI, while having a poor DTI. Isn't i...
Brandon Mitchell
Multi-Family Project Management
Just curious as to what other people/companies' strategies are as far as pay structure/workload/systems etc.I work for a growing company and it has been an awesome learning experience but I'm getting burnt out.I'm cur...
Bear Geiger
How much should I expect from my real estate agent / agency?
I run a property development company. We buy large tracts of land and develop them for single family home sites. (We do not build homes) My current realtor has brought me several builders, but now these builders are ...
Denise Pauzano
Quitting corporate and leaving a 6-figure salary
This is Year 2 for us and we are currently renovating our 2nd duplex with tenants lining up. I also just got my real estate license. I am a pharmacist with a great salary working in corporate (large pharma company) a...
James H.
When did your part time rental business depend on rental income?
This question is directed mostly toward those of you who have a "day job" and real estate is only supplemental to your income and/or retirement fund.
I will likely be buying a third property (for a total of two renta...
Scott Po
Help me with my Analysis Paralysis
I would like to buy my first house and rent by the room, living in one of those rooms. I was preapproved in Nov for approximately 400k and this was for a VA loan. My salary is 100k, I have 60k cash, and I'm single.
...
Mason Jeffries
Rental income... Do lenders accept it?
So I have been finding out the hard way that rental income does not always count when qualifying for another mortgage.I am house hacking our primary residence. Although I collect rental income from our long term tenan...