Will McVeigh
FHA DTI limits
Are the FHA DTI limits flexible? On their website it says "maximum ratio is 43%."My DTI is around 43% without the additional loan payment. Assuming I could get it settled it would be just over 43% after the loan with ...
Steven Escobedo
Will my current FHA loan hurt me when trying 2 get loan 4 rental?
I have a fha loan now for my primary residence. I want get a conventional loan to start my investing on my first property. Will having this loan impact me negatively in any way trying to get a new loan? More down pay...
Kelly Payne
Refinance an interest-only seller-financed note?
Hi all,
I'm trying to hash out the details of a deal I have. The house is worth $95k, the purchase price is $56k. The seller has agreed to an interest-only loan of $100/month with a 5 year balloon.
My f...
Luis De La Fuente
Paying down debt vs investing
Hello all-What is the general opinion with regards to paying down debt vs investing in properties? I will be receiving a bit of cash here in the near term and cannot decide whether to pay off my existing credit card ...
Drew Oesterle
WWYD. I want to get started but unsure how
I'm looking to get started in the REI world, but am kinda in a position that, based on a lot of forums I've been reading up to this point, is a little unique ( maybe not-I'm new). I have a full time job that I'll neve...
Mark Russell
Financing options after having just quit my job to go full time?
Hello all. Ive recently quit my 9-5 to go full time in RE investing. My plan is to do some flipping and slowly transition to the BRRRR strategy to bring in some passive income. I have roughly just over $100000 to get ...
Duane Taylor
New Ohio Member Testing The Waters
Hi, So I guess I should start out by saying its grate to be hear and share how I found out about bigger pockets. Long story short I was just surfing the net feeding my curiosity about real estate investing when I stum...
Garrett Bailey
Question about trading up
I think I have missed this aspect of 1031 exchanges. Can anyone clarify for me? Thanks - Here's my example. I have a mortgaged rental property SFH. The original sale price was $154,500. I currently owe about $130...
Troy Layne Pierce
Investment grade insurance
Hey all. My father in law is about to retire this year. He invests in realEstate with me and has a 401k from a W2 job he worked for his entire career. Recently he has come across a law firm called fortune firm in Neva...
Jimmy Lieu
Does the HELOC debt acceleration method actually work?
Hi,
I just watched The Kwak Brother's video on the HELOC debt acceleration strategy which they claim it can pay off your mortgage in 5-7 years. Does anyone know if it actually works?
I am planning on doing around 5%...