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Results (10000)
Greg Gaudet DTI too high because I don't have two years of rental income yet?
22 May 2019 | 15 replies

Hey all,Just closed on my 5th unit in my first year! Stoked about it! It was a great deal; it's worth 100k as is, 140k ARV and I got it for only 30k, so I just paid cash. Now I'm getting a heloc (because Bank of Hawai...

Andy Danna Calculating profits with new investment
16 September 2019 | 0 replies

I am currently working on my first deal. It is an owner occupied with two units for rent. When calculating returns on investment do you only count cash in hand or do you also count equity being built in the property? ...

Tristan Rynning HELOC - harmful to debt to income ratio?
9 April 2018 | 3 replies

BP-
I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next ...

Sandi L. Question about Debt to Income Ratio in regards to income property
12 September 2021 | 4 replies

Hello,I have a question...If someone has a primary residence and a recently purchased investment property (within the last 30 days) does the investment property count as debt because there is a mortgage on it or does ...

Monica Johnson Multi family purchase
6 February 2017 | 5 replies

I was approved for a VA loan for 150k for a single family home but found a few quads in my area for 320-330k. Can I get approved for a higher loan amount if I'm purchasing a multi-family home? Does a bank factor in re...

Melissa Espinoza Should I pay off student loan first before applying for mortgage?
8 December 2021 | 2 replies

I am paying my student loan off in full before the federal repayment/interest starts back up in February (current balance is around $13k). At the same time, I want to apply for a mortgage loan for my first property. H...

James MacFarlane Payments included in DTI for mortgage loan
15 August 2020 | 4 replies

Hi! I'm wondering if credit card payments I make monthly to credit cards in my parents name (read I am not an authorized user, so these don't show up on my credit reports) would count towards my DTI formula when I ap...

Ryan Antista Apartment Building Analysis + how to find the # of units?
26 February 2019 | 5 replies

How are other BP users finding the number of units on a given apartment building when doing due diligence? Are there any preferred references that are used for this and other pertinent property information? Thanks in ...

William Shadbolt Recommendation for Iowa MHP lender
27 November 2019 | 4 replies

Can anybody recommend a great mortgage broker or bank loan officer for a mobile home park in Iowa.  Thinking that a small community bank that focuses on real estate would be great (we have a few in the Seattle area).M...

Daniel Rutledge Forcing equity to obtain a HELOC.
9 April 2018 | 2 replies

Hey everyone!
I am wanting to take out a HELOC on my primary in order to invest but i had two questions unanswered. My home is 4 bedrooms but there is another room that is basically a bedroom without a closet. Would i...