Jay Levy
Applicant Screening Process
14 August 2024 | 9 replies
We use a YTDpaystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make surethey’ll always be able to pay the rent on time.
Noah Harms
CRE Student Who Needs help with Rental Analysis / Advice
13 August 2024 | 5 replies
To me it looks like this excel sheet isn't auto calculating your cap rate either given that you changed the number for rent and it's still showing as 9.3% your cap rate is the net operating income divided by purchase price.
Daniel Kalam
How to Split Utilities in a Triplex
14 August 2024 | 6 replies
I think I’m just going to start doing dynamic RUBS because I can’t keep paying for their water but I want to make it more fair than just dividing by 3 every month.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
They are pulling the wool over peoples eyes by DIVIDING the people and stirring up animosity and classism to redirect rage that is rightfully on THEM the politicians at responsibility, unto a class of society that is one to easily make a "fall guy".
Daniel Dietz
Self Directed IRA - doing work on property yourself?
15 August 2024 | 21 replies
The adding value is a good dividing line.
Austin Powell
Tips for First REI/House Hack Deal
12 August 2024 | 10 replies
Is it best to find a property that is already divided or has a separate unit?
Jordan Blustin
Commission Ethics Question
11 August 2024 | 10 replies
A developer buys a piece of land and divides it into 7 lots.
Anna Brown
LA Property with lots of Equity
15 August 2024 | 57 replies
Divide by 144 to determine monthly expense then multiply by 2 for the duplex.
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
13 August 2024 | 21 replies
Worksheet 2 states:If you used any PORTION of the property for business or rental purposes, go to "Business or Rental Use of Home".It's my understanding, however... that I haven't used any PORTION of the property for business or rental purposes, because the home was not apportioned, allotted, divided, etc.
Margarita Bozhenkova
Seeking Advice on Challenging Partnership: How to Minimize Losses and Move Forward
11 August 2024 | 8 replies
My husband has become extremely stressed and disheartened by the situation, to the point where he no longer wants to work with this partner or on the property.The property is divided into two units: the main unit is nearly complete, but the mother-in-law unit is still under construction.