BRRRR strategy can provide passive income and a revolving method for purchasing and owning rental property. The method works through the following steps: Buy a property: The property you purchase should be a distressed property that needs some work to get […]
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Qualifying for a Loan
Fannie Mae Reserve Requirements for Investors with Multiple Properties Owned
What Are Reserves? Reserves are liquid or near liquid assets that are available to a borrower after the mortgage closes. On every loan transaction, reserves are required to be verified as part of the approval process. Acceptable sources or reserves […]
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Debt-to-Income Ratio
When you apply for a mortgage, your lender will analyze your debt ratios, which are also known as your debt-to-income ratios, or DTI. Lenders calculate DTIs to ensure you have enough income to comfortably pay for a new mortgage while […]
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