All Forum Posts by: Brandon Croucier

Does he income qualify for that level of debt?

Might be doable with a few funds I work with. 

Something this small, I'd recommend just using a credit card or personal loan. Don't make it complicated trying to save a couple hundred bucks.

Umm, no. Its the truth. Investors buy these loans based on guidelines, if guidelines aren't met, lenders will not be able to sell the loan on the secondary market. Originators and underwriters don't make the rules, we wish we could! You get a lot further in this business just finding a way to get what underwriters need to clear conditions then spending countless days & hours trying to fight it tooth and nail. 

I highly recommend you get in contact with a good broker, building a relationship with a good broker will save you thousands of dollars, countless hours and headaches!

Ultimately you are going to need significantly more capital.

I wouldnt be looking to get into RE Investing until you have at least 30-40k.

At the end of the day different investors have different guidelines and requirements .

If your credit is 650 there are options, I would refi get some cashout and have the tenants cover the mortgage, when your credit is higher just refi down the rate.

Most definitely possible, a DSCR loan is your best bet. Unless you qualify conventional, happy to connect !

Its a pretty wide range depending on a lot of factors. But @Patrick Roberts is right, 6-9% is a general range right now.

Hey Allen!

This should be doable as many investors have gotten rid of seasoning requirements recently ! Happy to connect!