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22 April 2024 | 5 replies
.- Vacancy rate factor and bottom line Schedule E income will be used to calculate the rental, no the gross DSCR lease amount.
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22 April 2024 | 7 replies
Hey Kelsey, Unfortunately, it's not that simple, since you need to consider your AGI (adjusted gross income) to get the real savings here and that requires doing your taxes quite literally from start to finish.
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23 April 2024 | 30 replies
And while years will have to pass before we can really understand the nuances of what leads to losses in each deal, and how to parse out what is due to gross negligence, what is due to incompetence, what is due to fraud, and what is due to bad luck, there are decisions that GP and LP investors have to make right now, to get the “least bad” outcome in a given investment.Some GPs are trying to raise capital via capital calls.
25 April 2024 | 60 replies
I lost so much $ because I had to completely rehab the whole unit because it was so gross.- but the total eviction was only 2k , not counting loss of rent. another eviction is the last thing I want.
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22 April 2024 | 11 replies
For example, I have been informed from a couple of banks that even though my current Airbnb totally offsets the mortgage, they will not take the income from the property towards the DTI calculations but rather take the gross income from the Taxes filed and consider the mortgage amount as an expense, which was hard to understand.
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22 April 2024 | 3 replies
With that, I made about $15,000 in gross commission my first year.
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21 April 2024 | 8 replies
The unfortunate truth about cheap properties is that a hot water heater and a roof still cost about the same as a proprety in a more expensive areas so your repairs/vacancy/capex is going to eat up a larger % of the gross rent than a more expensive property even though the $ might be similar.
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24 April 2024 | 49 replies
The gross rent is $2,000 monthly, and the seller wants around 160K for it.
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24 April 2024 | 42 replies
I would be interested in knowing more details about your deal - build price, amount financed, cost of financing, and projected gross rents.
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21 April 2024 | 4 replies
If we decide to do STR (I think we will trial it), some of the best performing 2BD Airbnbs have average gross incomes of ~$49k/Year (~$4k/month).IMO I think furnished rental house hacks have so much upside.Is anyone else out there combining house hacking with furnished rentals?