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20 March 2024 | 18 replies
I’m not really sure about getting a house first because I don’t have that much of an income
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22 March 2024 | 22 replies
Yeah if you are doing this just to generate some extra income with 1-2 units, the work-to-reward ratio is just not there.
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18 March 2024 | 3 replies
Here's a simplified and effective approach: Gather Information: Obtain details about the property, including its purchase price, estimated rental income, expenses (such as property taxes, insurance, maintenance costs, and property management fees), vacancy rate, and any financing terms (e.g., interest rate, down payment, loan term).Calculate Gross Rental Income: Determine the total potential rental income the property could generate annually.
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20 March 2024 | 6 replies
With the increased cost of materials and labor their losses are exceeding policy income.
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20 March 2024 | 12 replies
I would get really specific on that, not "I want to make money" or " I want passive income".
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21 March 2024 | 9 replies
Using income from jobs, isn't any faster, and can actually take longer.
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20 March 2024 | 11 replies
I had an existing business fall to pieces and am in the process of looking for a job (or other means of income), so money is hard to come by. 2.
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20 March 2024 | 23 replies
This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.
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21 March 2024 | 7 replies
Over the past two years, I've been working two jobs and channeling all my income into my Roth IRA and savings account.
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21 March 2024 | 18 replies
Im advising client who want to buy vacation rentals to have a padded bank account because the income stream is not as reliable as it once was.