Real Estate Rookie

Rookie Reply: My Debt-To-Income is Too High to Get Another Property, How Do I Keep Up the Momentum?

av Real Estate Rookie | Publicerades 2/13/2021

This week’s question comes from Meghan on the Real Estate Rookie Facebook Group. Meghan is asking: How do I keep up the momentum after closing on two deals, when my debt-to-income ratio is too high to get another loan? I’m too new to bring experience to the table, and without much cash or financing, what do I bring to the partnership? We’ve heard this A LOT from rookies, and this is one of the main reasons that rookie investors get stuck and stop investing consistently. Ashley and Tony both have some great advice on keeping the ball rolling so your investment portfolio keeps growing! Here are some suggestions:You always have some amount of experience that is valuable to a partnerFind strengths in yourself that partners may lackShare what you’re doing with other investors or in your social circlesBe confident on future deals: you’re bringing partners an opportunityLook into other types of lending like commercial lending If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We CoverDebt-to-income (DTI) ratios and how they affect loansGetting your personal finances together to show investors you’re responsibleWhat you should say to ANY investor who may be interested on partnering upFinding a strategy that fits into your lifestyleAnd More!Links from the ShowDavid Greene's BiggerPockets ProfileBiggerPockets MeetupsBrandon Turner's BiggerPockets ProfileCheck the full show notes here: http://biggerpockets.com/rookie52

Om Podcasten

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.