Joseph O. Reed IV
Primary Residence to an investment property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $218,000
Cash invested: $9,000
Bought home as primary residence (4bd/2bth originally). Not using 4th bedroom so too...
Jake Beauchamp
Long-Distance Real Estate Investing: Debt to Income (DTI)
Hi, in David Greene’s book Long-Distance Real Estate Investing, he talks about what banks look for in borrowers as far as debt-to-income ratio and mentions, “Most banks don’t want a DTI higher than 3-6 percent.” Other...
Jacklin Jackson
Question Regarding Qualifiable DTI
Help needed. I am working on securing my 4th investment property. I've recently completed an cash out refi on mine primary home. To date my only debts (in my name) are my properties, student loans and a few credit ca...
Eddie Ziv
CC companies keep running havoc!
Seems to be prompted by the good intended consumer protection law, the credit companies keep raising interest rate like it was 1979... I just received a letter from Shitibank that they raising my credit card interest ...
Han Qing Zhang
How to get a business loan if we are young company?
My friends and I formed a company 1.5 years ago and started flipping in Seattle Area. We have track records of success and now seeking for working capital for more upcoming project. Is our company too young for a busi...
Joe Boggin
title report came back. please advise!!
im new to this and my first property is at my fingertips! i am obtaining a neighbors property as a gift. its a dollar deed transfer in philadelphia. i had a title company run a 60 year title search. three "thin...
Duane Hundley
Payoff Rental On CC
I purchased a rental using a cc 0% for 12 months it's a low purchase price. So would you take your own money and try to pay it off in the 12 months? Or get a mortgage, so I can focus on the next deal? If you need more...
Walter Shkolnik
Would you borrow at 0%?
For those of you that deal with property values of $100,000 or less and have good credit, this can be a really good deal.
Recently, I spoke to an investor out of Texas that financed 100% flip with 0% APR credit card...
Account Closed
New credit report rules require 30 months of payment history
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
Marcus Squires
No Credit
Hello, My name is Marcus I'm 20 years old and have had trouble starting credit. I have applied to a few credit cards in the past; Discover it and Chase Freedom but no success. I have a low paying part time job which m...