All Forum Posts by: Jerry Poon

@Account Closed Does this apply when I am in California, and am looking for out of state banks that are in the area where I want to invest?

@Account Closed I am not in the finance world so I have a hard time learning to trust new bankers. Especially now in the internet age where you can fake so much information. I don't have the "eye" to scope out a legitimate lender or not. One bank I am working with has a very average website, but they are very legit and are great to work with. What questions/credentials do you ask from loan officers and banks to make sure they are legitimate businesses?

@Account Closed Thanks so much for the response! Another issue I've run into is an individual loan limit. I will make these numbers up for convenience's sake. Bank A has an individual loan limit of $250k. Once you have borrowed that much from them, they refuse to make further loans to you even after you have proved to be very comfortably under the DTI ratio. How would you convince them to raise the individual limit on you? Or would you just go to another bank?

@Eddie T. I agree with that. Thanks for the advice.

@Account Closed What is the way to go after having used up the debt to income ratio? How do I find additional financing after that?

Zero vacancies. That is fantastic. I know that higher rent/price ratio homes are less desirable, leading to higher vacancy rates.

@Eddie T. Where are you investing?

@Justin Fox It's what the tenant pays. This is before any costs/fees.

What vacancy and maintenance % are you look at with the 1.46?

bumper

 I'd love to know more. Can you introduce me to your property manager?