All Forum Posts by: Matthew Jones

@Andrew Postell

Thank you for your response. A few follow up questions:

1. I have been framing the questions around Fannie/Freddie loans. Should I expect or want the same answers with the questions framed around conventional loans versus portfolio loans?

2. If I have a full time job that has a W2, then how important is the response being 'immediate' for question 1 regarding using rental income to help qualify? I assumed this question was for self-employed full time investors who have no other form of income outside their rental income. Or is there another angle I am missing?

3. What is the reason(s) for the immediate need on using ARV for the property?

@Andrew Postell

Thanks for the post, the "Questions for Lenders" are very helpful. I used them when I called local banks/credit unions in my area. Would you mind sharing what you believe to be the 'ideal' answers for each of the questions? Or what would be deal breakers if the lender answered a certain way?

I'm just starting out, what are the quantitative and qualitative aspects of a property you analyze to make a decision on whether or not it will be a good long term hold?

I live in an area that's relatively poor and has a lot of cheap housing. A large population in the area lives in apartment complexes. I'm wondering if they would be willing to give up those amenities for privacy, even if it's in a below par neighborhood.

@Darius Ogloza

Goal would be to make it a rental property and avoid closing costs.

Hello! Brand new to Bigger Pockets and real estate investing, so any and all advice is welcome.

One of my friends is about to sell their house, that they've only lived in for a year. They think the house has already gained +15% in value even though they have little equity.

I listened to a Podcast about "subject to" where I basically get the title and take over the payments and I thought this would be an interesting time to try it.

Do you think it's wise to try this? Where can I learn more about the steps to make it successful? What should I watch out for?

Thanks in advance!

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