James Orr
Calculating Debt-To-Income to see how much income is needed
Lenders...I have a question about how you all calculate Debt-To-Income so I can work backwards and determine how much income someone would need to qualify for a loan.We are writing some software to model real estate p...
ReLana Morales
Debt to Income Ratio while married
Hello! I'm new to real estate investing, but I already have one rental property (we're renting out our old house). I would like to purchase another property soon, but have a question about my debt to income ratio. Sin...
Chris Rhodes
Securing Credit for New Properties
Hello All,
I'm a newb here so please take it easy on me. I'll give you a little background and get to my point.
First of all, I live in WV, probably the most conservative bank lending state in the country, a good r...
Hyeseong Park
Need cash out refi but don't have a good balance in bank acc, what should I do?
Need Cash Out Refi Loan Estimate (LE) without points. But for refi, I don't have a good balance in my bank account. Should I have at least $10,000 to do?The scenario is this below and it will be owned for 6 months whe...
Chauncey White
Commercial loan process
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential property.
You are able to obtain NON-recourse financing (not personally liable) for commerc...
Matthew Otero
Can someone translate these lending terms?
I was wondering if anyone could break down an email I received from a commercial lender at a local bank. We asked about a business line of credit of possibly putting up some properties as collateral or maybe refinanci...
Brianna M.
Debt to income ratio
Curious to know if taking on a conventional loan with a partner will help my DTI for the next property I want to purchase. Is partnering with someone a good way to lower your debt to income ratio? Or will the lender a...
Jesse Soriano
what is the average interest rates on a hard money 30 year loan?
what are the average interest rates I should expect on a hard money lender on a 30 year fixed mortgage? I'm looking at lenders who don't look at debt to income ratio.
Kevin Guyden
Debt To Income Ratio Too High
Hi BP family,
I am new to BP(Both the podcasts and websites/forums) and I am a fairly new investor from the Houston Texas area. I bought my first Single Family Rental in 2014 and sold it In October of this year. It w...
Matt Nettles
Multi family financing
Maybe a newb question but wanted to get everyone’s opinions:Why is multi family financing deemed “easier” to obtain as compared to a single family? I’ve heard it said over and over in podcasts and I don’t know I’ve ev...