Investment
I am looking to buy an investment flat in Chicago. At present most of my income is tied to my house today, and I would not be able to qualify 45% debt to income without using the projected income for the apartment. I have now reached about 6 different banks, but they all require two [...]
Continue reading about Loans for investment condo: Can I use the income expected to qualify
I need a lender that will do a 55% DTI on an investment condo in IL, or allow use of active leases on owner occupied 3-Unit home. Unfortunately all the lenders I’ve contacted won’t allow me to use the current leases on my owner occupied 3 flat since I haven’t had 2yrs rental experience. [...]
Continue reading about Looking for a lender that will do 55% DTI on an investment condo
do you have to keep an investment property 6 months before selling to avoid capital gains on the profit? by joanna8555 We are selling our $ 300,000 Pennsylvania home and are looking into how much it would cost us. When is money due to a realtor? Are there other costs affiliated with selling home? Is [...]
Continue reading about capital gains on selling investment properties
Hi my situation is this, my husband and I both retired, I’m 55 he is 60 years old. For the past 20 years we could show an income of around 100,000 . We have 401k and annuities until we can collect social security at 62. I receive a pension of 560.00 per month. our assets [...]
Continue reading about Getting a mortgage on investment properties