Kyle Foutch
Personal Debt to income ratio affecting mortgage loan with llc?
If my debt to income ratio is currently too high to be approved for a conventional mortgage loan, can I start an LLC and get approved for a mortgage loan through the llc? All provided I’m putting down 20-40% down of c...
John Jacobus
Shopping for Loans While Avoiding Impact to Personal Credit Score
I'm looking for best practices to employ while shopping for mortgage loans for investment properties (small multi-family and SFR). My standard approach is to pursue 3-4 lenders when applying for a mortgage. I typica...
Mike Ventura
Can I use a personal loan for my down payment?
I want to buy a condo using a FHA loan. I want to provide a down payment of at least 10% on the condo. Can I use a personal loan to complete the money for the down payment?
Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
David Maldonado
Debt to income ratio with a personal loan for ADU
Hey everyone,Can lenders cancel out personal loan payments from a loan that was used to build an ADU when applying for another owner occupied loan? Would a lease and proof of deposit be enough to not get that perosnal...
Andy H.
Personal loan: How do I make sure to get paid ?
I saw someone on Craiglist posting he need emergency money. Willing to pay interest on loan, need money for 45 days. Since the amount is relatively small, I want to help him. How do I make sure I get paid ? Do I u...
Jeff White
How does a commercial loan effect my personal DTI ratio?
I am purchasing a duplex utilizing an LLC and a commercial loan. I am also planning to buy a personal residence within the next 6 months. I have a sizable downpayment for my personal residence, but will need to financ...
Mikael Winkler
FHA Loan to Minimize Personal Capital in House Hack - Thoughts?
Hello all,I am currently researching properties for my first rental. I know I'm going to do a house hack and have been contemplating ways to reduce my initial capital as much as possible, as I have next to nothing ava...
James W.
Personal loans from friends, returned with interest... how to do?
Howdy BP!I'm currently looking at a property about $1,000,000 that I see as about a 12CAP... slightly lower than my average, but a solid property (24 units, only 1 empty, not a fixer-upper).I mentioned to a few people...
Tim Crosby
Should I Take a Personal Loan to Fund a Flip?
I'm looking at using a HML to fund a flip. To do that, many of these places want 10% down to fund a deal. I'm looking at a PML pr someone I know more personally to help out, but most people I know see those flipping T...