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20 October 2020 | 4 replies
(Your property is going to get gross, quick!)
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21 October 2020 | 2 replies
Hey Alex,Here are some of our qualifications:● Household Gross monthly income must be at least three times (3x) the monthly rent. ● No Evictions/Broken Leaseso No outstanding debt to housing providers of any kind o Proof of honorable reconciliation required o Positive re-established rental history required ● No criminal records and convictions of murder, burglary, sexual assault, indecency with a child, prostitution, human trafficking, elder or child abuse, sex offenses, and similar offenses. ● All bankruptcies MUST be dismissed or discharged. ● Credit approval is subject to credit risk fee below 620 and potentially additional security deposit.● All residents of the property 18 years of age or older MUST submit an application and complete a criminal and credit background screening. ● Smoking is NOT permitted inside the home or garage.The entire list is on our website but I can't post the link here.
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3 January 2021 | 5 replies
As long as your gross rent covers your expenses and you have some cashflow, then you are good to go. things you should do is to have your finances in order.
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22 October 2020 | 5 replies
@Alec Frasier Also, most title companies should report gross proceeds, so make sure your accountant sees the credit and adjust so your not paying capital gains on that 5k.
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26 October 2020 | 32 replies
Its not uncommon to gross 100k on a good Vrbo.Most of us, I beleive, are acquiring more not selling.
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23 October 2020 | 4 replies
You can always show bank statments for qualifications where the bank/lender will use your gross deposits as income.
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23 October 2020 | 1 reply
I was making okay money, probably about $2,600 before gross.
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29 October 2020 | 25 replies
If you are saving $2500 in rent and you rent the other side out for $2500 then your gross income would be $5000.
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24 October 2020 | 9 replies
Based on AirDNA and other sources my estimate is that House 2 could gross ~$1100/mo from AirBNB.
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23 October 2020 | 3 replies
I seem to hear a lot that 10% of gross rent is a safe assumption, but if there is limited competition, I want to make sure that's still a reasonable estimate here.