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18 December 2024 | 29 replies
You can also leverage stable income for creative financing and explore BRRRR in markets like Rochester to build equity and cash flow.
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17 December 2024 | 12 replies
Have two years of W2 income, RE goals, and start talking to lenders about getting pre-approved.
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17 December 2024 | 1 reply
Investors focus on adding Accessory Dwelling Units (ADUs) to increase income streams.
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19 December 2024 | 13 replies
We are a growing market with low unemployment but you will see a lot of the rental income going to covering expenses and setting aside reserves.
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16 December 2024 | 5 replies
Keep in mind all these markets are very different than the Cambridge area in terms of tenant base, household income, transit, etc.Happy to connect if you'd like to chat more!
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19 December 2024 | 14 replies
Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.
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16 December 2024 | 2 replies
We offer it at TFSB but it does require the basics like qualified credit score, DTI ratios - Must have W2 or (2 years of 1099 income) to qualify.
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19 December 2024 | 7 replies
Moving out of a state with income tax to a state without before selling, saving 10% or more in taxes.
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19 December 2024 | 22 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.
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17 December 2024 | 0 replies
When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.