Andre Chouinard
How is a HELOC factored into DTI for future mortgages?
I am pursuing a HELOC of $65,000 on my owner-occupied duplex and was wondering how this will affect my DTI ratio when applying for future mortgages.For normal consumer credit cards, the lender adds up the minimum paym...
Thomas Bybee
What would you do if in my shoes? Writing counter offer on sell of house.
I am in process of selling a house, I have received a contract to purchase but with some circumstances I'm trying to wrap my head around to decide if I want to accept the offer. This is my "old" primary residence (mov...
Ryan Swan
Pursuing judgement against evicted tenant
I recently obtained a judgement against a tenant who stopped paying rent. The total judgement amount is $2,556.00 with 4.25% interest compounding yearly. The tenant is long gone, but I'm wondering if it's feasible/wor...
Drew Moyer
Building strong credit
hey guys not currently in real estate investing but learning and trying to prepare myself for best success. Currently in school saving and investing in stock market and just recently got a credit card to try to build ...
Jordan Ray
Rental Property #2
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $107,000
Cash invested: $7,932
Sale price: $107,000
$107K Purchase price. $28K Rehab. $175K ARV. Rent $1550/mon...
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...
Elaine Gee
Refinance/cash out on adult community rental
Just closed on a cash out last Friday 4/29/16Looking to get advices from seasoned creative financing people if I got good deal in term of rate and closing costs. Here are the #'s. Thank you.Purchased rental 18 months ...
John Lee
Payment rules for the first, when buying a second home
Hi all,
Will lenders look at the just minimum mortgage payment that’s on my credit report or will they include the HOA and home insurance (Those 2 are not escrowed) in my debt to income ratios when they’re qualifying...
Albert Johnson
How deeply do you look at credit risk?
Hi, I have an upcoming unit that will be available. My current tenant is saying her son wants to rent one of my units to be closer with their kids. The current tenant says their son's credit score is really low becaus...
Steven A.
Refinance after forbearance
My wife was briefly furloughed (as a doctor) and we were concerned about Rental income at a short-Term stay property (we own three single family homes, including our primary). Turns out we made a lot of money during t...