Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

592
Posts
320
Votes
Lamont Marable
  • Real Estate Investor
  • Waldorf, MD
320
Votes |
592
Posts

So the bank got me again! - Looking for Private Lending

Lamont Marable
  • Real Estate Investor
  • Waldorf, MD
Posted

Here it is....

I applied for financing but "according to the bank", my DTI is too high. Now, this could have been resolved if I added my wife income BUT...my wife isn't apart of my investing. So, I'm initializing the "MY Partnership" program (Me & You Partnership).

Here is a breakdown of the program

MY Partnership (5yr) program:

- Loan Amount ($30,000)

- 12% Rate of Return

- 5 year monthly installments ($667.33)

- After 5 Years grand total = $40039.80

or

MY Partnership (3yr) program:

- Loan Amount ($30,000)

- 8% Rate of Return

- 3 year monthly installments ($940.09)

- After 3 Years grand total = $33843.24

Here are the numbers... 8% Link or 12% Link

Here is a video of the Property Click Here

If you know of anyone that would be interested please let me know.

Thanks BP.

202-527-8134 Text Me or Email: [email protected]

Looking for

Loading replies...