All Forum Posts by: Danika Jeanton

Hello,

I am looking for a general contractor to help in updating a house I recently purchased. I tried out the networking tab but would like to hear references from anyone who has direct experience with someone in the area. I am in broward county. There is quite a bit of work that may be done in phases so looking for a long term relationship with a contractor.

@Theresa Harris I have enough saved for a down payment and some reserves and have only student loans as my other debt.

@Corby Goade thanks for the advice. I don’t have any other debt only my primary home and student loans (that’s the killer). Otherwise no credit card debt, car payments or anything. If I use my primary home as a short term rental, would that count as landlord experience?

@Danika Jeanton if i start short term rental with my primary residence, could that start counting as income and be considered by a bank?

@Andrew Rosenberg oh that’s interesting, I’ll start contacting local banks.

@Mark Stark I planned on trying out short term rental for the current property I own, since I’m overseas right now. I haven’t found a second property yet just because I wanted to know my options first. Thank for your help, I’ll start more actively looking now that there may be some options, and pm you.

Hi everyone, I've been trying to figure out how it's possible to get financing for a first investment property when I already have my primary residence and it eats up my available DTI (I bought it before knowing anything about REI). Currently my DTI is about 36% which is fine however now if I want to try and get a second property for investment purposes, I think I wouldn't qualify because the second property would bring me way over the allowable DTI for most lenders. Any advice on this? How do others do it if they already have a primary residence when trying to start out?

I am currently working overseas, do you have a virtual meet up? @Rita Medeiros

@Patrick Philip did you ever find a good management company in Florida?

@Mitchell Jaworski at what time is this meet up, I would love to join.