Back to the DTI, if you want a quick down and dirty way to do it, start with the bottom line 24 on the 2024 return, then add back in Depreciation (line 18), and possibly interest expense (lines 12 and 13) IF it's also counted against your debt in the liabilities section of the application.

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

I recently started my own practice as a bookkeeper and tax preparer, and am excited to learn more about how I can help best service real estate investors!.

If you are just getting started here in Chicago, house hacking is the ideal situation.

I’m thinking a small town could be a great place for me to start compared to big cities.

Hey everyone, I’m new to real estate wholesaling and looking to get started in Atlanta.

I just don't want to start working with a realtor and waste time and end up with no real solid prospects for buying.

Ah yes, I own property in Tulsa but actually also have a real estate automation company with nationwide coverage - I started adding markets to the list to illustrate the range of areas we cover but should definitely add Tulsa to the list as well!

So I'm a fan of buying in the path of progress from here since it's starting to expand outwards into cheaper neighborhoods.

You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing.