Rachel Murphy
Debt-income ratio too high for loan approval
Hello everyone,I recently got in touch with a mortgage broker so he could run my numbers and tell me what I could afford to purchase. He came back and told me that my debt-income ratio is already at 58% WITHOUT consid...
Jeyo Punnakottil
So confused on how to proceed on this tenants
So confused on how to proceed .Here is a nutshell.I have a ppty ready for rent.Been on market for 20+ days .Getting tons of showing request but most if not all donot pass my initial screening terms which are 1. Credit...
S Harper
After signing lease, Tenant mentioned girlfriend moving in
Guy filled out application, listed his dog as only other tenant. Income of $90/year with one year contract, only debt is one credit card in good standing and a deferred student loan, good rental references. After sign...
Ryan V.
Bank lending and debt/income ratios
I am looking to get pre approved to purchase more investment property. I would prefer going through a national bank because they offer amortizations up to 30 years, but I am not against going through local banks becau...
Mitchel Durfee
How to get next property
I bought my first house in PA in 2008 for 75k and just refinanced it in October using a VA loan now it's rented for 523 a month and my mortgage is 437 I owe 65k on this property
In May I bought a 4 unit compl...
Adam Good
Rent-to-own legally, is it possible?
Hey all. This is my first BP post. I recently bought and renovated a house with the goal of renting it out, but the neighbor asked if I would be willing to do a RTO or seller finance it to him. So, I'm looking for som...
Brandon Terrazas
Obtaining a HELOC for an investment Property?
Hello Everyone,I am trying to see if it is possible to get a HELOC for an investment property. So far, all the lenders that I have talked to have told me that they don't offer that service. Is anyone aware of a lender...
Phil Champagne
Would offer a cosigner a monthly payment - what do you think
My wife and I want to relocate to the Austin, Texas area and purchase a house. I went through the financing process but I need a cosigner to get the final approval. We have credit scores in the mid to upper 700s, all ...
Joshua Feit
Financing a property with eight units
I am working on a deal in Atlanta with eight town homes on one property. So far, I can not find a bank that wants to touch the loan. Purchase price is $250K, and we plan to pay 25% down. Any ideas of how to get thi...
David Morad
New investor in southeast Missouri
I have been learning as much as I can while living and working full time at a camp in southeast Missouri. I am about to leave the camp, and move to Cape Girardeau. Looking to meet other investors to be able to meet an...