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12 March 2024 | 4 replies
If your goal is to maximize rental income, adding a bedroom or bathroom often achieves that.
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12 March 2024 | 2 replies
It depends on the type of loan, loan to value, fico, income, debt, and experience.
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12 March 2024 | 105 replies
Forcing taxpaying US citizens to hand over their hard-earned dollars to build free housing for non-citizens is just wrong.
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12 March 2024 | 3 replies
I wasn’t sure what I need to do to be able to take my 1099 income and right it off with my long and mid term rentals?
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12 March 2024 | 7 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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12 March 2024 | 75 replies
it's all tough.despite the toughness though, i would not recommend buying something that cash flows negatively when you could put 80K in a savings account and earn 5%+.
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11 March 2024 | 5 replies
Not high earning 90-120k. 27 years old. 700 credit score.
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8 March 2024 | 3 replies
In the most recent court documents, he's claiming he doesn't have an AirBnB or short term rental income.
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12 March 2024 | 12 replies
This way, you can have passive income coming in from multiple properties regardless of where you are living at the time.Ultimately, the best strategy for you will depend on your long-term goals, risk tolerance, and level of involvement you want in managing the properties.
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12 March 2024 | 17 replies
I only received verbal information on annual income and credit score of the tenant.