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All Forum Posts by: Jeff George

Jeff George has started 2 posts and replied 3 times.

Post: Lender options for an auction in Iowa

Jeff GeorgePosted
  • Contractor
  • Burlington, IA
  • Posts 3
  • Votes 0

Hi everyone. 

I am looking at an auction house that will be a owner occupant house. 

I already own a duplex that has a mortgage and a house that’s free and clear and will end up being an investment property in a few months as well.

I also work three jobs (one under the table and one with tips) and can show good income as well as have reserves for all debts for around 4 years worth of payments. The majority are in a taxible investment account that I’d rather not empty to buy in cash.

what kind of options do I have and can anyone recommend a lender that can close within 30 days? I have the 10% down payment needed for the auction in cash. 

I’m not a financing wizard so I figured I’d ask for help where people have knowledge!


thank you! 
-Jeff George

Post: Bank does not report mortgage, could I get another?

Jeff GeorgePosted
  • Contractor
  • Burlington, IA
  • Posts 3
  • Votes 0

@Jaysen Medhurst I'm talking about on another property. My DTI is the issue on reviving another mortgage since I don't have two years of landlord experience.

Post: Bank does not report mortgage, could I get another?

Jeff GeorgePosted
  • Contractor
  • Burlington, IA
  • Posts 3
  • Votes 0

Hi there everyone. I recently completed my first investment deal with in-house financing through my bank. Recently I found out they do not report to the credit bureaus, so my question is in theory could I get another mortgage from another lender for a deal since it doesn’t show up on my credit report?