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22 May 2015 | 1 reply
(so maybe omitting PITIA from your cash flow calculation is a way to compensate for having the housing expense of more than your own home being added to the debt part of your DTI.)anyway all this seems to say as long as the cash flow for all properties is positive, only PITIA from your principal residence is added to the debt part of DTI. all this is supported by:B3-3.1-08: Rental Income in the paragraph
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28 January 2015 | 4 replies
I'd say a little of both.
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25 May 2016 | 9 replies
For me, I wanted to publicly give glory to God for helping me through getting my first deal, say a big thanks for the inspiration I have received through the BP network, and share a little bit of encouragement to those wanting to get something going in REI.
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22 June 2016 | 6 replies
Just depends if you are happy with that kind of return on your money.Some would say as long as the mortgage is paid and cash is flowing it's a workable deal.Now if you add property management costs and there's some kind of major reno that is needed, that can kill your profits overnight which is common for those old lake worth duplexes.
25 August 2021 | 2 replies
Another strategy I've successfully used is rather than one huge rent increase (you're talking over twice their current rents) is doing a step system so each year increases a $1.50/sqft up to market so the businesses can absorb the overhead costs better over say a 3 year period.
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17 January 2024 | 7 replies
So let's say you have an orphan night and you have a promotion on Airbnb for those (let's say a 15% discount).
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5 July 2019 | 10 replies
For say, a high end rental i think it would be a great feature.
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27 November 2010 | 7 replies
Say a person let's his investment property go back to the bank in a completed foreclosure by publication.
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27 November 2018 | 24 replies
And what would an exit strategy be for, say a Sears Catelog store be for you?
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30 November 2023 | 8 replies
I have heard some lawyers say a multi-member LLC may provide more protection, but I suspect that varies by state.