All Forum Posts by: Christy Kupiec

Thanks Sean. I had a good idea today to call a property manager in the area to see if they knew anyone wanting to JV. You are absolutely right about that is better than nothing!

I am a seasoned investor but after a divorce my ability to qualify for investments with his income being a backup is no longer available to me.

I am having to start all over. My only income now is coming from two commercial properties I sold on seller financing back in 2009. Unfortunately those payments are ending soon and I need to get something into the pipeline. I have secured a sfh in Texas on acreage and plan on doing a BRRRR. Here are the lending obstacles I have come across in the past two days after signing the contract: 1.) Sorry we don't loan on rural properties

2.) Sorry we will need 30% down plus points..

3.) Sorry you will need to show that your income will continue for at least 5 years.

4.) Sorry you will need 2-3 months of reserves plus 25% down

5.) Sorry we only loan on the appraised value or the purchase price - whichever is lower- it doesn't matter if you got a great deal

What should I do next? 

Am I am looking in the wrong places?