Kest Cousins
Non-recourse loan question
My question is if you are trying to assume a non-recourse loan would you need a sponsor for the net worth or is that up to the bank?
From my understanding a non-recourse loan they (the bank) cannot come back to you p...
Harrison Alley
What financial situation do you recommend before buying a rental?
My wife and I make about $100,000 a year total, we have ~$38,000 in student loans (total), we have no other debt, and we'd like to get started renting out properties. We currently live in a two bedroom apt that we onl...
Will Ward
Mobile Home Park Lenders (Nationwide)
Hello Group, Good morning! By any chance, does anyone know of good mobile home park lenders? I am looking for banks or third-party companies that can provide funding nationwide for mobile home parks. I appreciate the ...
Slava Okunev
Fannie to loosen mortgage requirements
WASHINGTON – June 9, 2017 – Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the w...
Tyheem Joiner
Short sale : appraisal value vs remaining debt
Hello bigger pockets patrons, I am new to real estate development and looking to possibly make a cash offer on a short sale. I am trying to wrap my head around the whole short sales process.I have heard some conflicti...
Joe Barton
Best choice with cash
If someone comes into excess cash is it better to pay down debt and then invest in a property or to invest in a cash flow property and use that to pay the debt?
Already pre approved for a mortgage...
Just looking...
Maki Bick
Sell the house to pay off debt?
Need Advice from Experienced Investors!
I’m still new to real estate, so my knowledge might not be perfect—please be mindful!
We’re debating whether we should sell our rental property to pay off all our debts. Rig...
Osvaldo Benavides
Cash out refinance!!
Can I do a cash out refinance while having high debt to income ratio?
Brendan Bellantoni
DTI is too high to qualify
I am curious as to how I can qualify to borrow money to purchase a multi-family property. I have over $100k in student loan debt. I have no credit card debt and no other debt except my student loans. I make roughly $...
Janice R.
Applicant with Deferred Student Loans
Hi all,I have an applicant that I'm on the fence with - satisfactory income, good references and low debt. But she has a balance of 50K of deferred student loans dating to 2002, so I can't decide if this is going to ...