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6 January 2025 | 4 replies
Jimmy,You need to show (2) years of 1099 SE income in order to use FHA, or traditional financing to get approved for a mortgage.
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12 February 2025 | 7 replies
Hi, BiggerPockets Community! Considering selling a home for short-term rental (STR). The HOA doesn't prevent it, so that's already cleared. There are a couple in the direct neighborhood I can find on various sites. Ra...
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6 February 2025 | 16 replies
In 2023 I did 270k gross w 74% occupancy.
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31 January 2025 | 44 replies
Some questions to consider:1) How much negative cashflow can your other income stream(s) support?
22 January 2025 | 14 replies
They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.
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3 February 2025 | 56 replies
they are kidding themselves one needs to punch in 50% to 55% of gross cash flow for expenses then deduct your mortgage payments.. anything less than that will not play out over the years.
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30 January 2025 | 2 replies
Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.
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25 January 2025 | 15 replies
I'd also add to that that you are paying a 20% withholding tax on gross rental income.
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1 February 2025 | 5 replies
Bought it for $300,000, it appraised for $375,000, and the gross rent is $2,625.My lender only lets me pull out 80% of the purchase price right now. $240,000.