All Forum Posts by: Sanat Bhandari

 Hi Sanat,

Thank you for your input. I have been looking into house hacking as a start but I am a little hesistant due to living with strangers in my house... I am still relatively new to the concept but would it be unwise to setup and split the house to divide our living situations? For example, split up where my room and area will be compared to the other 3 sharing a section?

Thanks!

I have been looking into a career change, and unfortunately with my financial situation I am unable to jump into REI. I have been doing research into becoming a loan officer to learn the financial/loan side of REI while also having a stable income to start my investing journey, but don't have the loan/banking experience that most banks or mortgage companies look for when hiring either an assistant or LO, if there's any info or advice as how I can get started or what to look for when searching for a job in this particular field.

Hey everyone! I'm a new investor from the Upstate area in SC. I bought my first investment property 2 years ago during my junior year in college. I admit I did many beginners mistakes and I learn a lot from that. I was recently introduced to the BiggerPockets podcast, and I absolutely love it!
It inspired me to become a professional in Real Estate and build a buy & hold portfolio. 

Looking to connect to other investors!

I'm originally from Israel. There's a lot of interest from foreign people with private money that I know, who wants me to help them buy investment properties in the US. 
Since I do not have much of experience, how should I approach this opportunity?

Really excited to be here!

@Stefanie Garner

Absolutely.  You will need to show your student transcripts and they will count and employment history, even though you haven't had any income from school.  Student loan debt is no different than in any other case.  Typically, if UW is Fannie, they will use 1% of the balance owed, and if Freddie, they will use 0.50% of the balance owed.  If any of your loans show as a minimum monthly due on your credit report, the lender will use that minimum versus a percentage of the balance.  If your first property, you won't likely be able to go Freddie on the first one.  Fannie for sure and you can use Freddie on subsequent investment properties.

Be sure to have at least 1 month of paystubs for your current job and from an income and employment history standpoint, you should be able to qualify.  Local banks are not likely going to get you the best rates and such for conventional.  Remember, all conventional lenders have to follow the same rules and the competition is fierce.  Many national wholesale lenders are tough to beat on pricing and frankly are much faster to get you to closer.  If they are servicing the loan too, it is tough to find better lenders/servicers than UWM or PennyMac, IMO.

Cheers!

Does anyone know of a lender who will do a DSCR loan in Missouri, specifically in lake of the Ozarks? We are looking at STR'S in the ares.

Thank you