Peter Tonsits
Qualifying for a 2nd rental property loan
Hello,Me and my business partner bought our first property in 2019. We are currently renting that property out to tenants and my business partner lives in it as well. We are trying to purchase a 2nd property however a...
Clay Smith
New Member Clay Smith from Louisville KY
Hello. I am a new member from Louisville, KY and I have owned a duplex since 2003. I am now interested in earning more passive income. I work full time for a Fortune 100 company but have high debt to income rati...
Roger Vi
What do you think of this 4plex?
4 plex right off busy intersection and <1/4 mile from interstate ramp.
2bd/1bth 2bd/1bth 3bd/2bth 1bd/1bth
4 Parking spaces (2 covered) + 4 street parking spots
Purchase Price 325K; 25% ($81,25...
Dmitriy Dorogan
Can anyone out there get me pre-approved using stated data?
Hello. I would like to get some ball-park pre-approval numbers without getting a hard inquiry at this time. I can provide credit carma data and income data. Is there any one out there who can help and possibly work wi...
Paige Rob
LLC setup and the Real Estate Professional
Desperately need advice.Long time investor...husband and I purchased rentals during the years of 2001-2006, all have mortgages in our name. Working on first of several blanket loans and it requires to close to an LLC....
BenO Roughan
Obtaining financing from a lender 'as a proven landlord'
Hey All.Long time listener, first time caller :)I heard somewhere from all of my books, discussions or maybe I have cooked this one up. I've heard that after you've proven that you have received rental income for 2 ye...
Michael Cote
Summer job to qualify for mortgage
Okay so here’s the scenario. I currently am looking to buy my first home (condo). Right now I work full time as a bartender until the summer is up then my hours will drastically cut back as I start college in the fall...
Greg W.
Rent to property manager?
Hi all, Would you rent a unit in your building to properly manager . How would you structure lease so it won't negatively effect value of building. Can I list the higher rent but then agree to a monthly credit for he...
Kenneth Cowan
Getting second mortgage on new residence
What does the process look like to get a second mortgage?
I bought a condo in a 3-flat in Chicago in Dec '14. I've been fixing it up for 6+ months and plan on finishing all renovations in another 18 months. The plan...
Mia P.
25% Down on a Duplex?
Is it standard procedure for banks to require 25% down for a mortgage on a duplex? Or could I find a conventional lender who doesn't?