Isaac Pyle
Co-Borrowng Debt to Income Ratio for pre-approval?
Hello BP Community!Long story short, I am looking into my first investment property (a house hack), and will be likely co-borrowing because I am in school and do not have enough income to qualify for the loan myself. ...
Ryan Pearson
Buying Investment Properties while refinancing primary residence?
I just refinanced my primary residence and it took over 6 months to close on the refinance. I was told by the lender not to make any major purchases, or take on any additional debt, until the refinance closed. I just...
David Hernandez
Too "much" equity, unable to refinance
Hello,I started renting my house last year (as I moved back with my family) and I'm ready to purchase a second house. I saw a good deal, but the price is just a little bit too high for me to qualify (debt-to-income ra...
Antonio Martinez
Newbie: Have idea of using HELOC to supercharge my REI start
Hello Everyone.....i just joined this forum bc as i was scouring the internet over the last couple of day this forum kept popping up as full of information. so thank you all for letting us newbies access all this weal...
Billy Farley
Consolidating credit card debt, best options.
My wife and I currently own 3 doors and moved to a new larger city in hopes to come continue our real estate investing journey.Over the past year we have dealt with death in the family, 3 totaled cars, medical bills, ...
Mauana Anderson
Any suggestions for a lender that does HELOCs?
I currently have two properties and would like to get a HELOC so I can pursue rehabbing. I was denied by my credit union because of my Debt to income ratio. They would not count my second job because I have been the...
Tony Hardy
Recently recieved a LOC trying to think outside the box
Looking for ideas. If you had a $500,000 line of credit to invest in real estate, what would you do? Buy and hold of fix and flip? Multi family or smaller deals in the city of Chicago or suburbs? What submarkets?
Todd Harvey
Impact of discharged debt (paying but not reaffirmed on DTI )
In general, How is DTI measured in relation to discharged debts still being paid but not reaffirmed?Details:4 years post chapter 7 bankruptcy, how is discharged loan debt that the home owner is still paying looked at ...
Morgan Madill
Credit Questions for Lenders
It is more desirable to a lender to see a credit line paired off in full quickly or to credit lines paid off on time over a stretch of time?I have student and auto loans and I believe if I paid them off as quickly as ...
Sandy Tan
Finance situation and first rental property
Am I in a good finance position to buy a rental property? My husband and I are thinking to purchase our first rental property upstate ny for about $200k so we can have another source of passive income. Here is our num...