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17 May 2024 | 6 replies
Develop a long-term investment strategy based on rental income, property appreciation, and realistic expectations.Good luck!
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16 May 2024 | 2 replies
I'm trying to create my account on Turbo Tenant as a landlord but getting message that account has been suspended.
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15 May 2024 | 48 replies
This is a loan where the monthly rental income is considered and not your income.
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16 May 2024 | 13 replies
You need to have "Skin" in the game meaning your money or "Family" money.You can receive "gift funds" from a "Family" member if money was given to a family member and then given to you as a gift from family it would work.Keep in mind even if the seller gives you money the bank/lender will see the deposit into your account since they ask for (2) months of bank statements.
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16 May 2024 | 8 replies
When the prospective tenant demanded a refund from TurboTenant, TurboTenant sent us an email saying if we didn't start paying a monthly fee in order to use our own application, they would terminate our account in 5 days.
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15 May 2024 | 4 replies
If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.
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16 May 2024 | 6 replies
I would have gotten significantly more done if I was being held accountable daily or weekly.
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16 May 2024 | 20 replies
What will it cost to make those income streams happen?
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16 May 2024 | 14 replies
Hi Kristin,Most DSCR lenders won't check your personal income/tax returns.
14 May 2024 | 6 replies
I am paying mortgage for all the rentals from business accounts.