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5 March 2024 | 4 replies
For example, if your goal is to have steady income coming in, you could also explore the idea of simply renting out the single family home while you move into one of the units in your 2-family property (if you can).
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5 March 2024 | 0 replies
Passive income was one of the biggest reasons for my second acquisition, I am trying to build a nest egg for my future self.
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5 March 2024 | 0 replies
Could be a nice AirBNB studio with income potential up to $1500/mo by itself.
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5 March 2024 | 9 replies
As far as financing goes - make sure you use a loan officer and loan type that supports your type of future rental income.
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5 March 2024 | 4 replies
Still, the best card for you will depend on the creditworthiness of the personal guarantor (which I assume is you) including your credit score, recent credit inquiries on your credit, debt-to-income ratio, and the age of your business, and a host of other benefactors.
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5 March 2024 | 0 replies
Good Morning BP,Rental Investors,There has been a lot of talk going around that rental interest is going to skyrocket due to multiple factors including high interest rates, the income relief program ending, and many foreclosures.Have you seen any changes in your properties?
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5 March 2024 | 7 replies
The equity and profit would all be split based on money put into the deal, so I would have 20% equity and would be entitled to 20% off the net profit.Here is my issue: both of them are pretty set on holding the property free and clear (10+ years) because their primary goal is solid cash flow and secondary income to their businesses which can be seasonal.
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5 March 2024 | 10 replies
I am seeking insights and recommendations from the community regarding potential locations in and around Orlando where full duplexes might be more readily available within my budget.My plan is to house hack, and based on my initial calculations, I anticipate an extra expense of $1.5K beyond rental income to cover the mortgage.
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5 March 2024 | 3 replies
*What is the best way to analyze an STR income?
5 March 2024 | 3 replies
I would need to probably include farm profits in my calculations because the hope would be to eventually farm full time, but also supplement current income till I can move to farming full time.