But in talking to lenders, I learned they don’t accept rent from spare rooms because it’s in my primary residence, the reasoning behind which I don’t understanding since that’s an extra $2650/month in addition to my W-2 income.

My brother and I are doing a reno where we plan on popping the top on a ranch built in 1950. City of Atlanta have said we'll need a variance (bummer)Is anyone willing to give examples of hardships that they've been ab...

Seth Nadreau I understand that interior finishes and the breakdown of the space used can be a big differentiator (a large living room is worth less than a living room + additional bedroom or bathroom) — but are there other reasons someone shouldn’t considered price per square foot?

With one good investment you can accomplish making $1,000 NET additional a month.

I am not an agent but I am a small business owner who needs additional revenue streams to meet my future financial goals.

I have a NTQ which I had a marshal deliver to his door on 6/12.Additionally, his father did not include the late fee in the check dated 6/12 which rent was due by the 10th. 

If you're really bored and want to read additional insight into my reasons for what I say in the other article, and if you like snowboarding (lol), check out-https://www.biggerpockets.com/renewsblog/snowboard...Hope those help!

@Lucy ChangIn addition to filing a federal + state tax return - some cities/counties have their own filing requirement.It appears that San Jose considers you to be doing business within their boundaries.Below is a link to their website with instructionshttp://www.sanjoseca.gov/businesstaxYou can hire someone to do the proper filings for you or you can look at the instructions and do them yourself.You should look at the instructions on whether to put yourself as a sole proprietorship or a partnership.

Just additional food for thought since I know you were considering removing the tree: If you do end up removing it, make sure to alert your insurance company and let them know because that can lower your premium.

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make.