Juan Mendoza not sure about your state, but in California, technically speaking, you do have to have a built in closet of some kind to count a room as a bedroom.

We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

Brandon,Yes, home equity can count as proof of liquidity for a hard money loan, but it depends on the lender.

Any "perceived" deception at any point, will be severely counted against you by the court.

Lenders may count eligible assets as additional qualifying income by dividing eligible assets by 60.🔹 Example in Action:Rental income: $9,000PITI: $9,500 → DSCR <1 (not qualifying)Using $63,000 in assets → Adds $1,045 in incomeNew DSCR >1 → Higher LTV (80% instead of 75%)🔹 Why This Matters:✅ Helps investors qualify for better financing✅ Increases borrowing power and flexibility✅ Allows you to scale your portfolio fasterUnderstanding financing tools like this can be a game-changer for investors looking to maximize opportunities.

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

Appraisals are backed up and on the right timeline of investor deals, every day counts when you need toBeef up the appraised ARV to get a healthier LTV.Hope this helps!

Landlords sorted by unit count in Philadelphia as of January 20th, 2025.Note: It doesn't reflect pure ownership, especially for corporate landlords.

My tenant paid a portion of their rent for December on 12/31/24 (late). I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?