All Forum Posts by: Kristoffer Dayrit

Thanks for the info @Chris Mason. We're actually Los Angeles based. Do you do FHA loans?

Hello BP,

My brother and I are planning on purchasing a multifamily with an FHA loan to house hack. My brother has a constant monthly salary (web developer), whereas my monthly salary is more random (restaurant server). My brother also has debt, whereas I am debt-free. My question is which of us should apply for the loan to get a higher loan amount.

Computed Debt Ratio: 0 (no debts)

Credit Score (Transunion): 625

My Brother:

Monthly gross income: $5000

Computed Debt Ratio (using https://www.mortgagecalculator.org/calcs/debt-ratio.php): Frontend 19.5%; Backend 45.66%

Credit Score (Transunion): 667

So which of us should apply for the loan to get a higher amount? Also, would either of us cosigning for the other help?

I am new to investing and I would like some recommendations for a FHA203k Lender. I am looking to invest in Los Angeles, Multi-Family Homes. I am in the process with two at the moment. But one of them that I sent my documents to, his phone is always off and isnt replying to me. May some of you out there refer me to a Lender that will get in touch with me and keep me updated throughout the whole process? I am in the process with Homestreet Banking. I would like two or three lenders referred to me.

Thanks,

Kristoffer D.

I am new to investing and I would like some recommendations for a FHA203k Lender. I am looking to invest in Los Angeles, Multi-Family Homes. I am in the process with two at the moment. But one of them that I sent my documents to, his phone is always off and isnt replying to me. May some of you out there refer me to a Lender that will get in touch with me and keep me updated throughout the whole process? I am in the process with Homestreet Banking. I would like two or three lenders referred to me. 

Thanks,

Kristoffer D. 

Hello everyone, my name is Kristoffer and I am new to REI and also this will be my first multi-family home to buy or a home to buy in general. I am in the process of the pre-approval for my 203k loan at the moment but to make things smoother I need to find contractors as well because I am looking into rehab in Los Angeles. May anyone please recommend Contractors to me that will guide me every step of the way and teach me the do's and dont's since I am just getting started.

Thank you.