All Forum Posts by: Brendon Foster

@Kyle Posey

Ahh understood 👍🏾👍🏾 not my area of expertise then lol

@Kyle Posey

Are you asking in hopes of a response from accounting/ tax perspective or lender guideline perspective?

Lender wise, specially on no income doc private money loans that most likely lender will want the loan to close in the name of your entity...assets in your business account can definitely be used

Grew up in portage! I miss kzoo so much. I live in NJ 30 min outside of manhattan now 

I know cork street well! Best of luck @Jae Green

@Rigo V. KW is in the same building you met me in. might want to chat with them? hope all is well 

Hi Charles, 

I believe the answer is no. as they don't originate mortgage products or advertise their own mortgage rates. 

Hi Shawn.

Chris is correct on both statements lol 

Yes you can. 2-4 Units 

Hi Dilbar. FHA is a good starting point in the fact that you are able to put so little down, live in the duplex/collect rent income as well, and after a year you move on. yes mortgage insurance is for the life of the loan but I always tell my buyers, once you reach 20% equity in the home from it's appraised value when you purchased it, you want to refinance into conventional to get rid of it. so just be prepared to do that down the line say 7-8 years. Unless you make extra payments increasing the rate of equity you build. but may investors of multi units use this means to add to their portfolio one property at a time.

let me know if you have any other questions 

Your theory makes sense. more down means lower mortgage payment means more cash flow so it makes perfect sense to do so if you are looking to maximize your cash flow. 

@Sammie Reynoso. this is a tuff one because your student loan debt though in derferrement will also play a factor now. that rule changed in 2015. so your best bet is to find some good co-signers with little to no debt and a solid gross monthly income. if not you may be faced with just simply having to wait till you are out of college making more $!