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Results (10,000+)
Bruce Yi Applicant with eviction
16 February 2025 | 17 replies
I would do between 50-100% or original deposit amount
David Cherkowsky How to Calculate DTI with Schedule E
16 February 2025 | 5 replies
@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.
Pavan K. Lending cash for interest
10 February 2025 | 6 replies
This sounds like it could be a good deal for the partners, and perhaps the bank, but a terribly risky deal for you, with little upside.What exactly do you mean by, “There will be a promissory note drafted for the amount and the duration and interest rates”?
Joshua S. Velocity Banking / HELOC Checking Acct - It Works (Proof)
15 February 2025 | 77 replies
You then take the reserve amount and pay off principal of your mortgage.
Joshua Lappin Tenant Refund Request
19 February 2025 | 5 replies
You were not afforded a reasonable (in most states, 30 days) amount of notice to re-market your property. 
Marcos De la Cruz Anyone have experience with Section 8?
19 February 2025 | 32 replies
The reality is that the Gross S8 Rent amount on an S8 voucher includes all utilities.
Seth Kellow Purchasing Camper Trailer as a Business Expense
7 February 2025 | 0 replies
Assuming I also use the Airstream for lodging while traveling for personal reasons, would I just take a pro-rated amount of depreciation for the amount of use that is business vs. personal?
Allen Zhu first investment help
13 February 2025 | 5 replies
Hey Allen,I can see that you have put good amount of thought into your plan.
Kristin Vegas sell the house to exchange it for a multifamily or keep it as rental
11 February 2025 | 11 replies
Hi Kristin, if you reached out to a lender about refinancing the property and they turned you away due to the loan amount, then it was most likely a DSCR loan product.
Paul Novak Long term investing strategy (Boring)
19 February 2025 | 19 replies
I have learned that any property can cashflow but not when you are looking to put the least amount of money in the deal.