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What part of rental income do lenders consider?
14 September 2024 | 10 replies
However, if this total income number is negative it will count against you like any other liability would (think car loan or other mortgages with no rental income or credit card min monthly payments/etc) against your DTI.DTI is typically maxed out around 45-50%, so half of your monthly figure so if you make 10,000 gross per month your max liability at @50% DTI is 5000 a month max payment.
David Ivy
Austin Market Report - August 2024
13 September 2024 | 0 replies
However, as this WSJ article points out, falling interest rates won’t solve all the problems faced by many buyers in current market conditions.What if I’m a buyer?
Devin James
Want Improvement in any Area? Master The Boring.
13 September 2024 | 2 replies
Working out is boring.
Michael Aguirre
MTR Process from Inquiry to Lease Signing Process
12 September 2024 | 25 replies
What is your process for renting out your place after a potential tenant reaches out to you in Furnished Finder?
Jordan Dzubak
SW Virginia Claytor Lake Rentals
12 September 2024 | 5 replies
Hey @Jordan Dzubak, so a quick look on VRBO showed quite a few rentals on the lake.The average nightly rates is highly variable but that is dependent on size and location of course.What you can do is drill down on VRBO and AirBNB to see what is out there.
Daniel Mortigo Espinel
Is this a good mortgage evaluation?
12 September 2024 | 9 replies
As a CA native I've never purchased out of state and curious how different the lending rules are in MN.
Tim Bee
property manager keeping 10% late fee
13 September 2024 | 10 replies
So my question:Maybe just tell the property management company to waive the tenant's debt so I can finally stop having the late fee taken out every month?
Jonathan Mueller
I bought Schitts Creek.....I bought a motel, now what?!?!
12 September 2024 | 58 replies
Right now, the renters do not fill out any sort of application, they move in as soon as they look at the unit and move out on a moments notice.
Shedrick Archangel
Shreveport Louisiana Market
12 September 2024 | 11 replies
I've been investing there for over 7 years, if you need anything such as lender contacts or other, just reach out
Nadir M.
Owner wants to switch property manager mid lease.
13 September 2024 | 7 replies
Hello BP,An owner of multiple units reached out to me and was interested in my property management company.