All Forum Posts by: Nicholas Salman

Hey, Ben! That is a great question and would depend on a few things. For FHA you will be paying MIP and for conventional you could put down 3-5% and pay PMI. Honestly just depends on a couple different things but usually FHA has a better interest rate. Let's connect and talk more about what you are looking to do!

Hey, Itay!  What has helped me is finding a big name and reputable contractor.  Definitely using this forum helps a ton on recommendations in the area.  

Hey, Chris, welcome!  This is a great community with a great deal of helpful people.  Reach out for anything you need.  Let's connect!

Hey guys! I get asked all the time what DTI is but even more so what it means. DTI is what standard for "Debt to income" ratio. Essentially it is the amount of total monthly liabilities you have divided by your gross monthly income. Obviously the less debt and more income the better! A golden rule is you don't want to exceed 50% DTI. Hope this helps! Reach out with any questions

In my personal opinion yes. It’s actually pretty crazy to watch as I have grown up in Cleveland. You are starting to see nice buildings go up or get renovated in areas you weren’t allowed to go to as a kid. Also Cleveland clinic announced the plan for putting up multiple buildings. It’s crazy

I’m here in a suburb just outside of Cleveland, OH. I raised my rent $100 and someone jumped on it. It wasn’t too much because my rent was already $100 above market due to it being turn key in a hot market! 

Jordan congrats on starting your journey, this is an amazing place to be! Thank you for serving. Va loans are an amazing tool to use when it comes to investing. My branch manager and I just spoke this morning about how he used his to get 3 duplexes. It’s a benefit that is well earned. Let’s definitely talk more about your goals! Take care!

I think this is a great idea and I am definitely interested. Please let me know if you need help organizing anything 

David Streeter in Cleveland! He is outstanding 

An FHA loan is a government loan through Fannie Mae that is mostly geared towards first time home buyers.

Some lenders vary on minimum credit score, avg being a minimum of 620 credit score

3.5% down

DTI ultimately up to the underwriter, but should be ideally no more than 50%

Must be owner occupied!

Hope this helps!