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23 July 2024 | 6 replies
In general, you should get 1.5x-2x what you could get for LTR gross rents.
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23 July 2024 | 27 replies
@Richie Thomas @Jessie Kristie There are some builders who will sell to investors and my recent experience has been a $400/$500 actual gross positive monthly cash flow.
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22 July 2024 | 17 replies
I wrote an article about the screening process for BP, you can check it out here.To directly answer your question, we require 2.5x the rent for gross household income.
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22 July 2024 | 8 replies
The first involved a court case between myself and partners regarding two multi families that had been friends for years, and the second the bank had to get involved to kick one partner off a mortgage due to gross neglect and abandonment.
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22 July 2024 | 7 replies
Cap rate buyer: 6% Gross yield buyer: Around 12%Percent rule buyer: 1% of purchase price min should be the rent valueAll in % buyer: 75% ARV
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27 July 2024 | 108 replies
You are mistaking gross possible income with strategy.
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20 July 2024 | 4 replies
I'm looking at a condo for 325K with a gross income of 45K (airdna says 65K, locals say 45K)we would use it when my husband travels for work, and try to let renters have priority, we would finance and HOA is 350It is an 1 1/2 hrs from homebase.
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20 July 2024 | 11 replies
This one is a bit more involved and I might make a separate post to get more feedback:Let's say before I purchase any house, I have a combined DTI with my wife of 13% (Assuming gross income is used to calculate DTI).
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16 July 2024 | 3 replies
let's say i listed a three bedroom rental for $2800 but the the tenant8 applicant has a gross rent voucher for $3200.
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19 July 2024 | 16 replies
I have a couple clients that own 2 BR units at Waikiki Sunset - one of them recently told me he is grossing close to $15k next month.