All Forum Posts by: Jerry Padilla

@Jennifer Whalen 

It all depends on your comfort level. If you can pay cash and then do a cash out refinance as you purchased a house with a great deal of equity than it is a great way to maximize financing. 

@Josh Castro 

It is going to be difficult to find an investor willing to co-sign for you for the length of the loan........ Do you have a job? What about your brother and your mom? You may be able to qualify for a primary residence mortgage since you are planning on occupying the residence. You could do it with little money down and an FHA mortgage. As a primary residence and single family, you could not count the rental income from renting out rooms, but you could use a co-signer.

@Wendell De Guzman hopefully you can make the transaction work for the both of you 

maybe @Wendell De Guzman may have someone as well. 

@William Robison is active in this market.

Hi @James De Silva 

I don't see why you couldn't get approved at this point. You may just need to look at an investor friendly lender.

@Rodney Buchanan   The best route to go would probably be @Nathan Richmond route with an FHA mortgage. It will give you an option of so many more properties that are out there! You can go the creative financing route that others have suggested but that will really limit your opportunities.

@Osazee Edebiri  and 

@Melvin Martinez

Yes you can. Including the subject property though you are limited to just four properties maximum to obtain the FHA mortgage. Of course you can go past that after you get the FHA mortgage with conventional financing up to ten.

@Evan Manship 

Yes we go down to $10k! It is a great way to get started! 

If you would like a dedicated loan officer that's specialty is getting investors pre-qualified feel free to give me a call. I would be honored to work with you! 

Assisting investors locally and out of state including, but not limited to the markets of Chicago, Atlanta, Cleveland, Memphis, Nashville, Columbus, Dallas, Toledo, Kansas City, Los Angeles, Baltimore, Indianapolis, St. Louis, Denver and Houston

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