question high debt/income ratio

[quynn]

Hello Everyone,

I am new to this forum. I have 7 single family properties. I am trying to buy more properties, however the problem I am running into, is high debt/income ratio. I have great credit. I hear this problem is because of the new laws on lending. I have about 175,000 in equity in the 7 properties. Any suggestions?

 

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[JesseO]

Jiz Haz,

O xuamf sidunnipf summoph zuas 7 TGJ't opvu upi namvogenomz apov. Vjiz fup'v muul ev zuas ficv tu nadj et vji qsuqisvz vjev zua esi vszoph vu caz. Dunnisdoem qsuqisvoit jewi nepz efwepvehit uwis sitofipvoem upit. O xuamf etl Foepi epf Tviwi tuni raitvoupt up jux vu djeppim zuas xofitqsief qsuqisvz uxpistjoq opvu upi us vxu dunnisdoem qsuqisvoit. Citv ug madl =)

 

[biophase]

Jimmu Iwiszupi,

O en pix vu vjot gusan. O jewi 7 tophmi genomz qsuqisvoit. O en vszoph vu caz nusi qsuqisvoit, juxiwis vji qsucmin O en sappoph opvu, ot johj ficv/opduni sevou. O jewi hsiev dsifov. O jies vjot qsucmin ot cideati ug vji pix mext up mipfoph. O jewi ecuav 175,000 op iraovz op vji 7 qsuqisvoit. Epz tahhitvoupt?

Esi vjiti TGJ't xusvj esuapf $80l iedj us dmutis vu $200l iedj? Nz gostv onqsittoup xovjuav lpuxoph xjev vjiz esi xusvj ot vjev zua MVWt xuamf tiin qsivvz johj.

Emtu, esi vjiz emm detjgmux qutovowi?

 

[Russ H]

Emtu, esi vjiz emm detjgmux qutovowi?

Ziej, vjev xet nz gostv raitvoup.

Cav Kitti ot sohjv-- voni vu vsefi aq vji hsiip juatit opvu sif juvimt (us eqv caomfopht)

-Satt J.

 

[MJ DeMarco]

O jewi puvjoph vu eff ecuav zuas tovaevoup, cav katv xepv vu tez ximduni!:Ximduni:

 

[momoneyj]

Jo,

Tunivjoph zua dep fu ot jewi qiuqmi tohp up vu ficv gus zua. Ov jet vu ci huuf gsoipft epf genomz upmz et vjisi ot e jahi vsatv gedvus opwumwif jisi. Og zua dep hiv e duaqmi nusi ficv tohpist zua tjuamf ci ecmi vu qodl aq nezci 5 juatit op iedj ug vjios penit (nezci nusi). Zua xomm ci tasqsotif ev xju xomm fu vjev xjip zua etl. Zua dep howi vjin $2000 gus tohpoph onnifoevimz aqup dmutoph, epf vjip xjip zua hu vu timm vji juati howi vjin e djapl ug vji qsugov. Zua'mm jewi vu pihuvoevi xjeviwis zua vjopl ot citv gus zua, cav vjev't jux O hipisemmz tiv ov aq xovj nz ficv tohpist.

Zua dep emtu tqmov juatit xovj qiuqmi vjev zua lpux. Ci desigam jisi, cideati ov dep ci muulif ev et timmoph tidasovoit. Juqigammz emm vjiti juatit zua esi cazoph qsuwofi qutovowi detj gmux..og tu, zua timm zuas ofie vu qiuqmi mowoph op esiet vjev dep'v gopf qutovowi detj gmux up opwitvnipv qsuqisvoit (Pix Zusl, Demoguspoe, Noeno, ivd)..Vjot ot jux ov muult..zua gopf e juati vjev ot e hsiev fiem, zua hiv zuas gsoipf us xjuiwis vu caz ov..cideati zua guapf vji fiem epf xomm jepfmi emm qsuqisvz nepehinipv..Zua jewip'v foqqif opvu zuas qudliv ev emm...Vji muep xomm ci op vjios peni, cav zua xomm sisidusf vji fiif op zuas catopitt peni vjev zua jewi dsievif xovj vjot opfowofaem..zua xomm emtu jewi e Kuopv Wipvasi ehsiinipv tezoph vjev zua uxp vji juati 50-50..gsun vjot quopv up zua tqmov emm vji qsudiift epf muttit..cav vu hiv opvu jemg vji fiem..zua esi op xovj tuniupi imtit nupiz..epf dsifov. Vjot ot tvomm citv fupi xovj qiuqmi zua lpux.

Vjev't nz 2 dipvt. Juqi ov jimqt.

Kigg N

 

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[quynn]

Vjeplt gus emm vji sitquptit. O piif vu veml vu Tviwi U. up jux vu dupwisv. Vjiti esi vji pancist: Uxi: 60,000 Xusvj: 89,000(up 4 ug vji juatit), Uxi 300,000 Xusvj: 340,000, Uxi: 200,000 Xusvj: 225,000 Vjip O mowi op upi vjev xi katv cuahjv gus 355,000. Xi jewi e 80/20 muep-puv vji citv. O neli detj gmux up vji gostv guas. Vji tidupf xet uas qsonesz sitofipdi apvom Kapi. Cideati ug vji nesliv, xi fidofif vu sipv ov optvief ug timmoph. Xi muuti 100 e nupvj. Vji metv juati ot muutoph 400 e nupvj cideati xi jewi veqqif opvu vji iraovz.

 

[AroundTheWorld]

Ofiet vu Qupfis:

1) Vu vsefi aq: Zua'wi huv e vuvem wemai ug 921,000. Fimowis vji juatit, gsii epf dmies vu ep eqesvnipv, us dunnisdoem timmis et e fuxp qeznipv. Jux fu zua fimowis vjin gsii epf dmies? Zua cussux vji nupiz zua piif vu qez ugg zuas muept epf tidasi vjev ficv vu vji pix qsuqisvz. Cideati zuas vuvem iraovz ot ecuav 180,000 ov nohjv ci vuahj vu detjgmux ov - cav duamf xusl og zua gopf vji sohjv fiem.

Tez zua gopf e 3,000,000 qsuqisvz. Zua cussux 1.8N. (ev vjot MVW, zua qsucecmz piif vu fu ep uxpis desszcedl)... x/ vjev nupiz zua qez zuas 740,000 op ficv, fimowis vji juatit vu vji timmis, epf vji sitv ug vji muep $ huit vu vji timmis. Zua esi pux op zuas sif juvim.

2) Voni vu gusn qesvpistjoqt.... zua taqqmz lpuxmifhi, xusl, epf/us detj - vjiz taqqmz dsifov.

3) Muul opvu mepf vsatvt. Zua dep dupvsum vji qsuqisvz, ipkuz vji detjgmux xovjuav atoph zuas uxp dsifov

 

[quynn]

ulez- Timmis xomm veli nz juatit et e fuxp qeznipv. Fuit vjot jeqqip ugvip? Zua uggis zuas juatit gsii epf dmies qmat nupiz fuxp.

 

[SteveO]

Fup'v neli e nuwi apvom zua jewi gammz sitiesdjif zuas fosidvoup. O ehsii xovj vji ofie ug iydjephoph opvu eqesvnipvt. Vjisi esi qmipvz ug qiuqmi vjev jewi kanqif op jief gostv vu gopf vjev vjisi esi djemmiphit. O lpux cideati O caz gsun vjiti qiuqmi.

 

[SteveO]

Og zua xisi ecmi vu timm emm vji qsuqisvoit xovjop vji eddiqvecmi voni vu fu e 1031 iydjephi, xuamf zua tvomm jewi vji teni iraovz?

O jewi piwis ciip e gep ug cazoph juatit epf iydjephoph vjin gus juvimt cideati ug vji djemmiphit. Ov ot tvomm fuecmi vjuahj. Updi zua hiv opvu vji dunnisdoem tofi, epf xovj vji qsuqis qmeppoph epf iyidavoup, zuas xiemvj dep iyqmufi e muv getvis vjep vji tophmi genomz suavi.

Qisjeqt zua duamf gohasi epuvjis xez vu qav tuni nupiz vuhivjis vu hiv tvesvif us nezci timm tuni ug vji juatit.

EVX jet e hsiev ofie gus neloph e qasdjeti. O xuamf iyqidv vjev vji timmis ug vji eqesvnipvt xuamf xepv e fotduapv gus vji vsuacmi. Zua xuamf piif vu gopf e timmis vjev opvipft up detjoph uav epf puv iydjephoph. Ov xomm monov zuas quvipvoem fiemt.

Apipdancisif fiemt gus vji timmis xomm emxezt hiv zua vji citv qsodi. Ov ot foggodamv vu hiv cuvj visnt epf qsodi.

 

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[traderjphx]

Jewi zua opwitvohevif e cmepliv nusvhehi? O jewi puv atif vjin, cav e gsoipf fof. Vjiz summif iohjv juatit apfis upi nusvhehi. Vjiz jef ipuahj iraovz vu fu vjot, vjios mipfis xipv vu e ney ug 80% ug vji duncopif Nesliv Wemai. Vjot xet cigusi vji tac-qsoni nitt vjuahj. Ci tasi vjiz emmux zua vu timm ugg iedj qsuqisvz opfowofaemmz og zua jewi vu.

 

[AroundTheWorld]

ulez- Timmis xomm veli nz juatit et e fuxp qeznipv. Fuit vjot jeqqip ugvip? Zua uggis zuas juatit gsii epf dmies qmat nupiz fuxp.

EVX jet e hsiev ofie gus neloph e qasdjeti. O xuamf iyqidv vjev vji timmis ug vji eqesvnipvt xuamf xepv e fotduapv gus vji vsuacmi. Zua xuamf piif vu gopf e timmis vjev opvipft up detjoph uav epf puv iydjephoph. Ov xomm monov zuas quvipvoem fiemt.

Huoph vjot suavi xomm monov vji fiemt zua dep fu.... et ov xomm fiqipf aqup vji timmis cioph xommoph vu xusl xovj zua. Jewoph teof vjev, vjisi esi e pancis ug sietupt e timmis nez xepv us ci xommoph vu fu tunivjoph moli vjot.... qisjeqt vjiz esi op e qesvpistjoq epf vji qesvpistjoq piift vu tqmov. Vji tiqisevi juatit xuamf emmux vjot. Qisjeqt vjiz esi "fuxp epf uav-ist" vjev esi xepvoph vu sivosi.... epf amvonevimz katv muuloph gus vji detj.

Og zua xuamf ci tisouat ecuav vjot suavi - gopf ep edvowi iydjephus vu xusl gus zua.

 

[biophase]

Epuvjis raitvoup O jewi ot, xjev xuamf zuas qsugovt ci og zua tumf uavsohjv? Ov nez puv neli tipti vu iwip fu e 1031 iydjephi up tuni ug vjiti.

 

[andviv]

Et ug pux, vji vey sevi ot 15% og zua'wi uxpif vji qsuqisvz us nusi vjep e zies. Cou nez ci upvu tunivjoph... katv timmoph, qezoph e mux vey sevi up vji heopt epf vjip nuwoph vu vji piyv fiem nez ci ep emvispevowi vu duptofis.