Heather Jeffrey
New BP Member from Nashville, TN
17 December 2015 | 3 replies
Also, if you want to be added to my buyers list so you can start receiving my deals then send me your email in a message.
Kevin Chhum
Hello everyone, I am a new member of BP from San Diego California
14 January 2016 | 7 replies
Calculating Effective Rental Income� Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income by applying 75% of the lesser of;o Fair Market Rent reported by the appraiser; oroThe rent reflected on the existing or proposed lease agreement.History of Rental Income.When a borrower has a history of receiving rental income from the subject property since the previous tax year, the borrower must provide most recent Federal Tax Returns, including IRS Schedule E, covering the previous two (2) yearsCalculating Effective Rental Income � Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income after averaging the reported net rental income/loss reflected on Schedule E of the tax returns.� When calculating the average net rental income/loss, any depreciation, mortgage interest, taxes, insurance, and HOA dues reflected for the subject property may be added back to the net income/loss.� If the borrower has owned the subject property for less than 2 years, rental income/loss must be annualized for the length of time the property has been owned.
Syed Khan
FHA Loan
3 March 2016 | 21 replies
Upfront mortgage insurance premium (UFMIP), and Annual insurance premium which is collected in monthly installments Mortgage Insurance Premium - For 15 year and greater than 15 years. 1.75% of purchase price Annual Insurance Premium Greater than 15 years & greater than or = 95% LTV - 0.8%Greater than 15 years & less than 95% LTV - 0.85%Less than or = 15 years & Grester than 90% LTV - 0.7%Less than or = 15 years & less than 90% LTV - 0.45%Annual Insurance Premium For High Balance Loan Amounts Less than or = to $625,000 & less than or = to 95% LTV - 0.8%Less than or = to $625,000 & greater than 95% LTV - 0.85%Greater than $625,000 & less than or = to 95% LTV - 0.1%Greater than $625,000 & greater than 95% LTV - 0.105%INCOME—RENTAL Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income by applying 75% of the lesser of;Fair Market Rent reported by the appraiser; or The rent reflected on the existing or proposed lease agreement.History of Rental Income.When a borrower has a history of receiving rental income from the subject property since the previous tax year, the borrower must provide most recent Federal Tax Returns, including IRS Schedule E, covering the previous two (2) years
L'aura Bradford
New REI In Salt Lake City
7 February 2015 | 13 replies
@L'aura Bradford I would love to be added to your list.
Terry Lao
Section 8 tenant vs normal paying tenant in a recession
18 January 2019 | 19 replies
We explained that once we can get him moved in, any prorated rent left for this month will be added to her deposit to try to entice her to get the heck out of dodge like she promised she would!
John W.
New Western Acquisitions (Reviews)
23 January 2024 | 118 replies
Hello fellow investors and questioners of NWA...I too have my own situation or conflict with NWA here in the Philadelphia market.I recently met with their office manager, rep in their offices, signed their disclosure document and went through their deal structures just so I could be added to their list and see what they have.
Bret Rankin
Cost to separate a duplex down into 2 apartments
20 August 2019 | 7 replies
So the things that would need to be added would be door to separate apartments, I want hardwood floors installed, a kitchen needed to be put into place, bathroom remodel, and of course fresh paint.
Julie N.
Inheriting a tenant on a rehab
5 July 2016 | 4 replies
Taking on this challenge would be adding a lot of complication to your first deal.
Michael Lewis
New partnership need advice.
2 January 2017 | 2 replies
We have 50k cash and another 40k in credit lines available to do rehab etc. the 2 rentals houses sent part of the deal currently but could be added into the mix at a later time.
Brian Cooke
First Rehab. Cincinnati Tri-Level
10 March 2017 | 16 replies
I don't have the budget to redo that shower, so we decided to corner bead it.