All Forum Posts by: David Sumner
David Sumner has started 3 posts and replied 4 times.
will a 1031 exchange work for a single family rental property ==> duplex where i live in one half rent the other?
My wife is currently a long term substitute teacher. She works 37-39 hrs a week. I was wondering if anyone had experience with this situation with regards to how banks view it in terms of employment requirements for getting a loan? She has a "contract" till the end of the school year but then there is summer vacation. Does the two months break matter? Even she resume's in the fall?
Thanks for your time
thanks for your replys
I'm just getting started in REI so this might be a simplistic question, but here goes. I own a house that is being rented. Want to apply for financing of second house as a primary residence. Will the rental income of the first house cover the mortgage debt on same house with respect to DTI? Thanks for your time