-
Almateen Yazid
- Male
- Real Estate Investing Blog Posts (2)
- Discussions (1)
- Real Estate Investing Events
- Real Estate Investing Groups
Almateen Yazid's Discussions
Debt to Income Ratios and AGI Adjusted Gross Income
This is my recent experience with Bank of America; however, it can happen with any lender.I was recently denied a loan because of my DTI ratios. This wouldhave been my 2nd investment property…Continue
Started Nov 2, 2010
Gifts Received
Almateen Yazid has not received any gifts yet
Almateen Yazid's Page
Profile Information
- How would you categorize yourself as a member? If you categorize yourself as more than one type, please create a secondary profile for that category.
- Intermediate Lounge - I've done some deals
- What type of Real Estate Investing interests you most?
- General, Rehabbing
Almateen Yazid's Blog
FHA guidelines for conversion of primary residence to rental property
Thinking of converting my primary residence to rental. I don't think the guidelines have changed any since 2008 "Buy and Bail." I believe the guidelines for FHA are as follows:
at least 25% equity in residential home
80% of Gross rent applied from rental to be used for qualifying/additional income... or would they use (if filled) Sch. E?
1 year projected lease
proof of security deposits
Is that correct?
Additionally,…
Posted on November 5, 2010 at 6:41am
Debt to Income Ratios and AGI Adjusted Gross Income
I was recently denied a loan because of my DTI ratios. This would
have been my 2nd investment property purchase. I believe the reason is
because on my last investment purchase in 2009 I had 22,000 worth or
expenses that I deducted (above line deduction’s) on my sch. E and 1040.
You know..startup, repairs, cleaning, advertisement, etc... Thus,… Continue
Posted on November 2, 2010 at 7:48am
Reviewed Investing Websites and Software
© 2023 Created by Matt Gerchow.
Powered by
Comment Wall
You need to be a member of Real Estate Investing - Investment Articles Forum Tips Clubs to add comments!
Join Real Estate Investing - Investment Articles Forum Tips Clubs