
11 March 2024 | 4 replies
just some things to think about.in addition to the BP family of podcasts, the rental income podcast with Dan Lane is a great podcast and he interviews a lot of medium size landlords who aren't flashy but really know what they're doing.

11 March 2024 | 5 replies
Sell the land and 1031 into something that produces income unless you have the wherewithal to refinance your 3 SFH and build to rent on the lots and then refi with appreciation.

11 March 2024 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

11 March 2024 | 7 replies
Now the great thing is that you can also use the other units rents to help qualify if your coming short on income to qualify.

11 March 2024 | 11 replies
Though the units are collecting income now, there may be issues in the future that come up.

11 March 2024 | 4 replies
The only caveat with that though is that local tax can be especially tricky for professionals to navigate as many don't even know that they exist given that they only exist in a few states for income tax.

12 March 2024 | 105 replies
a bit north of Homestead ave.. for 1.4 I think and put 2 to 4 apple engineers in each room for 1k each.. so 8 to 16k income per house..

10 March 2024 | 9 replies
More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)

11 March 2024 | 14 replies
If you dont have any verfiable employment / income - you might not be able to obtain traditional financing .