Updated almost 10 years ago on . Most recent reply
Qualify Question
New to BP. Cool site. I have been prop investing since 2008. 3 places for 7 units. Going great. Only issue is qualifying always is based on personal income and reaching my max ability to qualify based on income not on assets but they never use assets. I put all my places in separate LLC's but I know I can't loan against these. How do people qualify otherwise or am I missing something? Obviously prefer the fha conventional loan so always invest below a 4plex. The income from the units is not enough yet to be substantial, say gross of $7k and net of $2k per month for all places. Any advice really appreciated. Thanks.