
28 October 2024 | 17 replies
You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.

29 October 2024 | 9 replies
We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.

1 November 2024 | 48 replies
You may be able to Group like kind properties in some cases (combining hours)
28 October 2024 | 5 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

28 October 2024 | 8 replies
The DSCR will still have a personal guarantee, and whether reported to the credit bureaus or not it needs to be disclosed as a debt, so there's no benefit there.

29 October 2024 | 6 replies
One word of advice, keep an eye on your Debt-to-Income (DTI) can make it difficult to get all those houses in your name.

28 October 2024 | 13 replies
Whichever are combined into a single device.

31 October 2024 | 14 replies
This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

28 October 2024 | 8 replies
Here's the secret: Use a private lender for your down payment/closing costs, and a regular private lender for the debt.
29 October 2024 | 7 replies
If you plan on moving and keeping the other property as a rental, it's imperative to ensure that the revenue from the rental far exceeds the debt payments from the new refinance since you don't want to create a negative cash flowing property, aka a property that cost you money each month.