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26 December 2024 | 9 replies
Initially, this might seem like a great idea as you can maximize rental income by renting out bedrooms kind of like college student rentals.
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26 December 2024 | 3 replies
The ability to turn single-family lots into duplexes or even split lots for separate units can significantly boost rental income and property value.
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24 December 2024 | 6 replies
Delay receiving income into January.
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17 December 2024 | 20 replies
Imagine a $185K income earner ($100K after tax) having a $600K mortgage.
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26 December 2024 | 4 replies
Lenders won't value it off the income approach unless it is a 5+ unit and even then, the LTR market rents are more often used to determine value.
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28 December 2024 | 12 replies
Your cleaner's income has no bearing on yours.
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26 December 2024 | 15 replies
From experience, switching to a conventional loan can help you remove PMI once you reach 20% equity, while DSCR loans are ideal if you’re focused on rental income.
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9 January 2025 | 107 replies
I believe Wichita will grow in coming years.
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15 December 2024 | 5 replies
Not how much can this property earn as an Any DSCR lender is going to go to lend off the income approach.
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28 December 2024 | 5 replies
The main factor is will rents cover the debt liability and can you sustain 3-4 months of no income to cover the debt?