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12 March 2024 | 12 replies
Simply plug in your Income, Expenses, and a few Cash Flow items and let the template do the rest.
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13 March 2024 | 37 replies
Not sure if I’m kidding myself either but I want additional income streams and I want them to grow over time.
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11 March 2024 | 5 replies
Anyway, you are allowed to pay yourself, but that turns passive rental income into actively earned income, subject to self-employment taxes @Nicholas Radina
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11 March 2024 | 8 replies
I would like to add to that I've just been busy with other stuff.I keep track of income / expenses for my 3 income producing properties in a spreadsheet.I also just bought a new home last year and still trying to sell the old home.
12 March 2024 | 18 replies
The tenants are on a fixed income and were getting help from the other five family members for the 3,100 rent.
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12 March 2024 | 24 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.
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12 March 2024 | 75 replies
That additional 80K you have on hand can be used to purchase another investment property = another stream of income + portfolio expansion.
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11 March 2024 | 15 replies
Okay, then there's a lot you'll want to think about depending on your other income and your financial situation.
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11 March 2024 | 15 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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2877104/small_1700177481-avatar-angelicav12.jpg?twic=v1/output=image&v=2)
11 March 2024 | 7 replies
The rate will be high but you won't have to provide any income documentation or leases.