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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

Posted on 10/18/23 at 2:07 pm to
Posted by CollegeFBRules
Member since Oct 2008
24281 posts
Posted on 10/18/23 at 2:07 pm to
quote:

Depends on where you are. Around me, these homes get purchased within a day or two by investment companies - all cash offer and they pay the closing.


And this is the problem. It should be illegal for corporate entities to purchase single family homes as investment properties.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35745 posts
Posted on 10/18/23 at 2:08 pm to
Every non-dumbass landlord has their rental properties in an LLC.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 10/18/23 at 2:19 pm to
quote:

And this is the problem. It should be illegal for corporate entities to purchase single family homes as investment properties.


You're the problem.
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