Michael Ashe
Renting out my primary residence and buying a new primary
28 February 2024 | 7 replies
With the potential rental income versus your mortgage and expenses, breaking even or making $200 a month doesn't leave much room for unexpected costs or vacancies.
Alison Brenner
Concerned Lux Rental Listing is Attracting Scammers
27 February 2024 | 10 replies
My SOP is to contact the current landlord and employer, require proof of income for the past 3 months, and use Rent Spree for background, credit, eviction, etc.
Travis Tinnes
New To Investing and Bigger Pockets
27 February 2024 | 12 replies
Vs rentals/ STRs can create passive income that will produce multiple streams of income.One thing that I would recommend doing until that boot camp is get out there and network.
William Burns
Section 8 Rentals
27 February 2024 | 11 replies
Section 8 comes with benefits like reliable government-backed income, potential tax advantages, and lower vacancy rates.
Account Closed
Choosing the right market to start
27 February 2024 | 30 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.
Tyler Sherman
Carry forward suspended losses
26 February 2024 | 4 replies
I thought it would be as simple as adding up all of my losses from Schedule 1 - Additional income and adjustments to income line 5 over the past few years.
Brandy Horkey
First timer question
28 February 2024 | 15 replies
If you refinance, you can always use a DSCR loan on the next purchase if you think the refinance will impact your Debt to Income ratio.
Jocelyn Hinz
Mobile Home Park
26 February 2024 | 7 replies
There's also a 3 bay garage for storage that could provide some extra income, it's very near to a lake.
Collin Hays
Government-sponsored extortion, Sevier County style
28 February 2024 | 24 replies
All this spending and lack of income for many counties is starting to shed its light now and people are going to have significant sticker shock.
Michael Moreno
Questions Regarding my Real Estate Strategy
26 February 2024 | 50 replies
In this case there seems to be missing income/expenses(living expenses) not discussed?