Kyoungchoul Koo
Mortgage with 1 year work history
I'm looking for 1.6M mortgage. For that, I need to have my spouse's income counted on the top of my income to meet DTI.The problem is she has only 1 year working history in US as a nurse.Her situation is : She graduat...
Bryan Hancock
DTI Ratios For FNMA Loans When Borrower Has Rental Properties
Okay...With all of the threads going around about FNMA properties 5-10 I wanted to clarify how "DTI" is calculated for rental property for both the front-end and back-end ratios for:
1. Rental Property With Mortgage...
Charlotte Casey
Questions on legally adding Square Footage/Code in Seattle?
Hi, I would so appreciate some insight:If you add a window that opens to a room that already has a closet and can fit a bed (but was never counted as a bedroom) can you then count that as a bedroom and change the hous...
Joshua Dorkin
Coming Soon: The Ultimate Beginner's Guide to Real Estate Investing - Free from BiggerPockets
In the coming days we'll be releasing our Ultimate Beginner's Guide to Real Estate Investing. This guide will help provide new investors with the basic information they need to get their real estate business off the ...
Vincent Z.
Converting primary residence to rental
I currently have a primary residence that I am planning to rent out. I am planning on buying a new 2nd property which I will owner-occupy once I close on it. I will not qualify for both mortgages at the same time due ...
Wei Dai
Rental Income for Accredited Investor's Income Test?
After learning a ton from the forum & podast (thank you all!), I'm finally writing my first post here!There are many benefits with being an accredited investor, including access to better investment opportunities....
Brandon Cao
Fannie Mae 2% Sellers Assist -- Security Deposit Included?
Hello Everyone,
For those experts in Fannie Mae guidelines, the 2% sellers assist exists for investment conventional loans. Say I have a fully rented out duplex investment property with the following information:
A...
Cory Binsfield
What are the new rules to obtain 1-10 conventional loans?
Wow, it's been years since I had to do a 30 year mortgage on a conventional rental (4 units or less). I'm thinking of trying it again for a property that i found. I could easily do a 20 year commercial, but I like Aun...
Delmas Gibson
Can I use a lease agreement to offset My Overall DTI
My Wife and I currently have a primary residence, and potentially looking to purchase an investment property(SFD). I am wondering if I found a property and also a tenant that has signed a 1 year lease agreement, will...
Peter K.
Would you accept Child support as a monthly income?
A possible tenant makes close but not above our minimum x3 monthly rent income. But receives extra in child support, would you accept that as a income?