All Forum Posts by: Yeng Lacanlale

Most often potential borrowers think they need a large amount to get their first property. Not true. Your long-term investment assets and liquid assets can have a big influence in what you qualify (retirements accounts, stocks, savings, etc...). I have seen transactions that only require 0% VA, 3.5% , 5%, and 10% down payment.

One of the top concerns for lenders is your ability to pay the mortgage and security of that loan.

Parris,

Is this property still available? Thanks!

Neil,

Is this property still available? Thanks.

Alex,

Is this also available? Thanks!

Alex,

Is this property still available? Thanks.

Jacob,

Are there HOA fees or Spaces fees?

Gentlemen, Thanks for info.

Chris, 

I see.  Thanks for the info. 

However, once I have 7 or more rental properties after the first year under my name, won't the banks start seeing that my income to debt on mortgages is getting too high? How do people over come that?

I am new to the BRRRR concept. I get the process. However, doesn't these banks eventually see Income vs Debt after doing this over and over again. Specially with folks who do this at a very fast rate. Can someone please explain?