First roughly $1,000 net cashflow a month, then after refinancing ~$450 net passive income a month plus extracting around $44,000 out of it.

First roughly $1,000 net cashflow a month, then after refinancing ~$450 net passive income a month plus extracting around $44,000 out of it.

@Alex JacobsBuilding a rental portfolio through house hacking is a terrific idea, particularly if you want to reduce your down payment and increase your income flow.

First, pick an area close to colleges, corporate headquarters, or other well-known landmarks that offers superior facilities, education, and overall quality of life.

FHA is good for low income, lower credit and offers higher DTI ratios to accommodate.

That triggered us having to pay transfer taxes, as the state treats an LLC as a disregarded entity, even if it contains the same members.Most of our clients invest using an LLC as their preferred corporate structure.

  - Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1. 

No income no doc 

Pay Attention To Your Credit Score Although we don’t have any income requirements, we do want to know that you are on solid financial footing.

Pay Attention To Your Credit Score Although we don’t have any income requirements, we do want to know that you are on solid financial footing.