All Forum Posts by: Jamie Adames

My name is Jamie Adames, i’m relatively a new member even though i’ve been on for many years, just not very active. I’m an investor in the merrimack valley and i’m hoping to help people that want to sell their home through cash deals or an alternative to listing. I’m also an Agent so if listing if the way you, or they would like to go, that works.

I’m also hoping to connect with other people near my area to understand and learn more of the business.

Thank you both. Trying to find creative ideas to be able to get another loan. I appreciate the answers. 

I currently own a 2 unit multi family that is owner occupied. I was looking into starting an LLC and transferring title via a Quick Claim Deed. I wanted to know if someone was against this idea. I was wondering if transferring this deed will allow me to be able to obtain another loan under my name. With the loan I have now, my DTI is too high. The loan is now a conventional loan with 75% Equity.

My goal is to be able to buy another home and obtain another loan, I currently can't with high DTI.

I'm still unsure on this because of the Due on Sale clause, but I wanted to know if it was possible to do as stated above.