These are derived from Gross Operating income.

If you hire a property mgr who charges 10 percent of gross rent and 1/2  - 1 month rent for lease up it is going to be closer to 12 percent over time

(If rent grosses $1000/mo, then they will allow you to count $650/mo as "income" to qualify).Am I missing something, or is it just a great option that HAPPENS to exist because I live here...?

So let's look at a simple example:Purchase price: $200,00025% Downpayment: $50,0002% Closing costs: $4,0004.5% 30 year fixed rate mortgage: P&I = $760 / moLet's assume gross rental income is $3,000/mo (1.5% might be reasonable in Philly?).

They come to work for Intel the states largest private company ( my daughter works there)  They just spent over 10 billion on three new fab plants and now have over 20k employees in the PDX market alone.. then of course you have Nike which is huge..

Hi all,As I cannot get a conventional loan through an LLC, could I qualify for a loan listing myself as an employee of my own LLC,  and then use that income to qualify? 

1) you actually DIVIDE by the cap rate not multiply. 2) it's Net operating income, not total rents.example 100K Gross Rents60K Net Operating Incomeon a 10% cap = 600K(60,000 / .10)on a 9% cap = 666K(60,000 / .09)on an 11% cap = 545K(60,000 / .11)

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Let's do a quick mental model:You can buy a house for $100,000 and pay cashIt rents for $1,000/mo or $12,000 per yearTaxes, insurance, and everything else is $4,000 per year.Your return is 12K-4K or $8K divided by $100K is an 8% return on investmentNow assume someone will lend you $50,000 on any house you buy and charge you 5% interestYou buy two $100,000 houses with that same amount of cashThey each cash flow $1,000 per month or $24,000 per yearTaxes, insurance, and everything else is $8,000 per yearYour gross is now $24K-8K or $16K, less $5K in interest payments You make $11K on a 100K investment or 11% return. 

Got my start over a decade ago with an on-site mentor who spent three days with me in my market, helping me get deals in my market while he was there, helping me get buyers for those deals while he was there, and teaching me everything I needed to know to not only pay for my training but launch a business that has grossed me hundreds of thousands of dollars over the years.I know it's hard to pick the right mentor.