All Forum Posts by: Jeff Castro

 Thanks for the referral. I will def reach out. 

Hi BP!

Hope you’re all doing well

Do you generally have higher cash flow for a $300k home vs a $100k home?

Hi BP,

I'm interested in SFR home that is under $60K sale price. Do lenders work with loans that are this small? I've spoken to my main lender he said that their firm do not touch anything under $100K sale price.

Curious if you guys know of any that do small loans? 

@Sean Lunny thanks for the input. I didn’t realize hoa can prohibit u from renting out the condo. Thanks for the heads up on that.

Makes me wonder what else I’m missing lol

Hi BP,

Working on my first BRRR deal. Budget is low, around $100k purchase price. Want to make sure I have a smooth start on my first one.

There are both condos and houses under my $100k budget in the area I’m looking.

Curious if one is better than the other?

Thanks in advance.

@Daria Smith host financial? Is that a lending company? Sorry I’m very new and not familiar.

@Brian Gerlach thanks. I’m going to follow ur advice and seek out a mortgage broker.

@Brian Gerlach thanks for the response. That is what I assumed also. But the lender I'm working with is saying that the rental property need 2 year history to be factored in my DTI. I wonder if that is with all lenders or just his institution.

Hello BP!

I own a home that I would like to turn into an air bnb. I believe I can make 1.5x what i pay in mortgage for extra cashflow.

Goal is to buy a 2nd home or investment home that I can live in for about a year and then turn into a rental property. Problem is DTI would be right around 50% by buying the second home.

My question is, will I have issues getting financed for a 3rd home since by DTI will be over 50% with already 2 properties in my name? I've heard you had to show 2 years of documents on a rental in order for the bank to even consider..

Any insight or advice is appreciated!