New to Real Estate · Raleigh, NC · Member since 2016 · 48 posts · 9 votes
Im looking to invest in real estate here in Raleigh, North Carolina and looking to go big or go home with the rental units. We call it 10x coming from one of my favorite investors Grant Cardone. Who is taking massive action and has tips on how to structure deals to show lenders I have a great deal.
Deonte Singleton
So many variables but one thing is important is debt service ratio. You can google this but the lender definitely wants to know if the property can provide enough income to service the debt. So pending on which state it's in 100% occupied you should have much trouble vs 0 occupied where you have to give them a plan of action of rehab and occupancy timelines.
cap rate and or ROI, rental history plays a factor as well
This is past you having sufficient downpayment and worthy credit.
I see you are new to Bigger Pockets. Welcome! It will help you to know there are many forums available on a wide variety of subjects. Glad you got an answer to your question, but you posted in the Renter's Discussion forum, which isn't the best fit. Many people erroneously post in the Renter's Discussion forum.
Renter's Discussion: "This is the forum for renters who are looking for advice in dealing with their landlord. Ask questions about dealing with landlords, leases, tenant rights and other important issues."
Under the Community Tab you will find Forum Categories and you can check them out to find the best forum for your questions.
Deonte Singleton It helps when:
1.) You have a good chunk of money for the downpayment.
2.) You have personal reserves (just in case) to ensure mortgage payment.
3.) You are significantly cash-flow positive (good paying job) which helps with the debt-to-income ratio.
4.) The subject property is currently significantly cash-flow positive (it can service the debt independent of you).
5.) You have great credit.