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Hi, and thanks for checking my question out. I have over 35 rental properties and we always have a hard time getting a handle on the average monthly income we can count on. It varies because of yearly taxes, mainten...
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I’ve been working two jobs for most of the last year in order to save money for my first purchase. But the lenders I’ve spoken to say that they can’t count the income from either of my jobs because they are both cons...
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Me and my fiancé own 3 houses, I rent both of mine out, we currently live in hers, February we will be moving into one of mine and renting hers out, she wants to buy a rental and use the equity in her house as the dow...
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Hi,I've heard on Biggerpockets that if I have active lease agreements: 75% of rental income would be counted towards income or that the debt service on the property would be wiped off.The lender that I normally use sa...
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Question for our lending experts…If I sell my investment property “Subject To”, is my current debt on the property counted towards my DTI until my loan is paid off in full? Are there any ways to structure the purchase...
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@P from prior topic, use this to understand the capacity in your market and your best options. Never go with one offer. They have the power. Work in several towns and once and be prepared to make several options wi...
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I have found a 5 trailer mobile home park in Georgia. Its an hour from where I live. Seller is asking for $199,900. She will not seller finance or owner finance. She told me she is selling because she just bought apar...
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Hello,
Say I have 3 sfh rental properties that are break even in cash or they are positive cash flow. If I go apply for my 4th sfh rental property loan will the bank still count the mortgage payments of the 3 sfh ren...
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Hi everyone, I am an agent and would like to buy my first home, (the irony, I know) I've done quite well my first year in the business, however I want to know if it is possible to qualify after only 1 year of tax retu...
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I bought a house during the covid downturn in Dallas TX. The plan we like showed 3200 sq feet. Since I was a first-time home buyer did not know ins and outs of every aspect of home buying. When we did the appraisal th...