When it comes to qualifying for a loan like verifying your income, credit score, debt to in come ratio etc, will it help to say that I receive additional income from my househack tenants aside from my w2?

Originally posted by @Kevin Wade:@Russell Brazil .

In my specific situation, the original developer is no longer in the area, and with no HOA or planning and zoning…..what if anything could be enforced against my plans for short term rental?

They wanted $115k, and this house could have sold with basic landscaping as is for $150k (which I did tell them as I wanted to list it originally).

There is no better way to ensure you purchase a home that the future rents can afford than buying a home with a loan that was originated in early 2020 - mid 2022! 

Originally posted by @Kim Meredith Hampton:@Russell Brazil this really confuses me, after the conversation Friday with the Maryland RE commission, I was told that I do not need a Real Estate or Brokers License to manage property for owners.

I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?

Originally posted by @Sheila Vardakis:There are so many options for Real Estate CRM's and many are not easy to use. 

If anything, we tend to have a higher success rate in closing deals close to our original ask because we don't have as many unknowns going into the deal.

It As a Value-Add there is also an original detached carriage house that can become a permitted ADU.