All Forum Posts by: Alex Roter

Hey Bhishan, even if your name is on the title of a property, you can still buy a new property as a primary residence as long as the story makes sense to the Lender. For instance, you could be upgrading to a bigger home, or downsizing to a smaller home. If the new property is farther away from your workplace, then the story wouldn't make sense. Also, you would have to sign disclosures saying that you intend to live in the new property for at least 1 year.

Hey Chris, to answer your question, I'd like to find out more information about the loans you currently have. We have loan programs that do not limit the number of properties you own. Do you have the capacity to manage another property? If you feel stressed in your life, perhaps you might be overdoing it. Otherwise, Robert Kiyosaki (https://www.richdad.com/) encourages his audience to leverage bank money, whenever possible--as long as it's not going to put you in financial harm.

 Are there any loans you currently have that:
- the interest rates are higher than what's available in today's market?
- the fixed-rate period has expired (or is about to expire)?

Hey Rodney, we can lend on Multifamily 5+ Units and Mixed-Use properties.  Up to 75% Loan-to-value with rates starting in the 7's. No personal tax returns or income statements are required. 30-year fully amortizing loan options available.
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Alex Roter
Investor Property Loan

Hey Chris, what are your questions? I'll see if I can help you out.

Hey Thomas, we can offer investment purpose loans for Residential & Commercial properties nationwide. You can own more than 10 homes. No personal income documentation is required (no tax returns, no income statements) because the loan will be qualified based on the following: larger down payment (typically 30%), Cash flow (or potential cash flow) of the property, credit score, and appraised value.
We have the following loan options: interest-only, fully amortizing, and rehab.

Feel free to reach out anytime.
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Alex Roter
Mortgage Advisor

Hey Keith,

Congrats on getting into Real Estate investing! When Lenders are considering you for a loan, they typically will look at your income (reported on your last 2 years tax returns) along with your recurring monthly debts and credit score. Having a co-signer on a loan can increase your chances of getting approved because the lender will combine both income sources. I would connect with a mortgage professional and have them explain the numbers to you, feel free to reach out anytime.

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Alex Roter
Mortgage Advisor

Hey Noah, I have a colleague Mortgage Broker who is very experienced with the Brrrr strategy. He’s here on bigger pockets @Alex Bekeza and he’s licensed nationwide for investment property financing 

Hey Sergio, I have an institutional lender that has rates in the 4’s and 5’s . We won’t need to submit tax returns or income statements. Loan to value around 70-75% 30-year fixed. $75K-2M loan amounts

Hey Nick, there are institutional lenders that don’t look at your debt-to-income ratio to qualify you.  Instead, they base their qualifications on the following: a larger down payment, cash flow of the property and your credit score.

Yes, she would still count as a first-time homebuyer. However, the lender will typically qualify your loan based on the lesser of the two credit scores (between you and your wife)--so if she has bad credit, it could hurt your chances of getting the loan. 

Also, I see you mentioned you have 10% to put down; First-time homebuyers on conventional loans are eligible to put 5% down and sometimes as low as 3% down (if your income is less than or equal to 80% of the area's median income).