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8 April 2024 | 9 replies
As long as the rental income covers your rehab and financing costs, you're good to go!
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9 April 2024 | 16 replies
I show them how to add some value for higher income, or partition off, or finish, or split off some land, etc. in order to bring in more dollars or reduce debt.
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8 April 2024 | 8 replies
Larger investors (20+ rentals, multiple partnerships, starting syndications, foreign income) can definitely benefit from larger CPA firms with a higher price tag.
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8 April 2024 | 12 replies
The DSCR's are 30 year fixed just using income from the properties rather than verifying your income .
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5 April 2024 | 5 replies
But then also non-traditional type sources (lite doc, more flex underwriting, no personal income docs, etc.).
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7 April 2024 | 13 replies
Everybody's "got a source"...which I've learned is usually somebody who knows somebody who knows somebody who has a friend in some institution.I also haven't seen been able to find much literature about it either.....
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6 April 2024 | 1 reply
In the past, I've found them to be good sources of referrals when it comes to real estate agent who specialize in working with sellers with land as well as mobile homes.
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8 April 2024 | 4 replies
He verbally proposed an idea that I move in and pay rent on the whole property while collecting the income from the ADU.
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5 April 2024 | 2 replies
I ask because I don't see many listings online that don't include much detail...and wondering if I should.All 18+ applicants must complete the application and pay the application fee.Credit score of 700+, No bills in collection.Steady employment or other acceptable source of regular income for 3+ years.Gross monthly income at least 3.5 times the monthly rental rate.Monthly payment Debt-to-gross-income ratio no higher than 40%.
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8 April 2024 | 7 replies
If I get multiple apps I will start with the ones that appear to be the best qualified on paper (based on income, length of lease desired, past rental and employment history) and I'll run those first.