Ale Rioja
Rent-by-room income counting towards DTI (Fannie / Freddie)
Hi BP community:I have a 4bd SFH property that I'm renting by the room (1 long-term lease + 3 short-term Airbnb). I was doing this while I was living in it last year. Now, I'm looking to acquire a 2nd property and als...
Shieka Cam
Renting and buying a new construction home? Please help!!
I’ve been renting a home for a year and the owner recently asked if we wanted to buy the home. I would like to and rent it out instead of staying there. So my question is can I buy the home I was renting and still pur...
Felipe Ocampo
Refinancing a $60,000 investment property in CT
Hello, I have been trying to find a bank that can help me do a cash out refinance(or HELOC) on a $60,000 investment property that is fully paid off. Most of the banks I have talked to will not refinance on a property ...
Chris Roberts
Renting Out Current Home and Financing a New One
I'm looking to rent out my current home and finance a new primary residence. Can a lender use future rental income determined by an appraisal to potentially cover the previous mortgage? I have heard two different thin...
Hareesh Datar
First Time Home Buyer/Investor
Hello Lovely people out there, I am looking to buy an apartment/condo/townhouse in New Jersey area at the same time I am thinking of Multi Family homes. As current market rates and interest rates are sky rocketing, w...
Khalil Favard
Question on referring business to mortgage broker
As a real estate agent is there a referral fee I could get from referring a client who closes on a mortgage?
Mary Jay
Getting a mortgage without a W-2
Hey guys,Can you please help me out?Ive been thinking of retiring early, but not sure if it will be possible to get a mortgage if you basically have no job?Ive heard it was still possible as long as rent on rentals co...
Christopher Tacchi
Can We Transfer Title to LLC With Same Loan?
Hi! My two partners and I are trying to transfer the title of our investment property to an LLC, while maintaining the same loan. For background, only 2 of the 3 partners are on the loan and title. However, all 3 part...
Ryan Thomson
Step by Step on how to get PMI removed
If you have owned your home since 2020 there is a great chance your home has appreciated enough in value to get your monthly PMI payment removed. This will easily save you 2-5k/year.
Getting rid of Private Mortgag...
Paul Brady
Local bank calculating DTI in a strange way
I have two rental properties
One with a $5400 mortgage payment with $6600 in rents coming after expenses ($1,200 in profit)
Another with a $2000 mortgage payment with $3000 in rents coming in after expenses ($1,000...