
9 July 2020 | 15 replies
In addition to that, if you owner occupy one unit, a huge portion of your projected gross rental income will be used to help qualify you for the loan to begin with!

11 July 2020 | 18 replies
Try to hit 25% of your gross income if possible.

12 July 2020 | 3 replies
For Airbnb a quick back of the envelope calculation for renting both bedrooms would be $140/night * 25 nights/month =$3,500 gross per monthDepending on your situation id guesstimate your monthly payment would be in the neighborhood of $2.6-$3.2k month.

14 July 2020 | 1 reply
Filled the units, gross rents just below $4k.

22 July 2020 | 3 replies
I need some help identifying the best or available methods(syndications, trusts) for purchasing an apartment complex.I have a track record in the area and have identified potential investors.I would invest 33% of total amount needed down and have avenues to raise the rest just not sure on the following:- How to structure it legally- How to secure the property before having the money needed- Suggestions on options for splits when acquired or additional equity granted to the sponsor.They are asking $7.5M for propertyCurrent gross income $447K.

17 November 2020 | 16 replies
At the end of the balance sheet it would still give you the gross profit, regardless of ADU or another mult-unit.

17 July 2020 | 14 replies
Assuming PITI of $1,080, and operating expenses of about the same amount, if you put down 20%, and the gross monthly rent is $2,300, it looks like a COCROI of 11.4%.

16 July 2020 | 2 replies
I have a contract to buy the property at $50,000, its gross monthly rent is $1850.

29 August 2020 | 4 replies
If the property is held as tenants in common - you would each report your share of the gross receipts/expenses on your tax return.

17 July 2020 | 4 replies
The 1099-S reports the gross sale price to the IRS, which lets the IRS know there was a sale of real estate.