I’m also curious what lenders would offer me for percentage on the down payments, I put 5% down on my current Hi Emma, If you put 5% down, it sounds to me that you bought your primary residence. the minimum down payment on investment properties is 15-20% down.DSCR financing does not require personal income or personal debt to qualify, rather you will qualify based on credit, experience, reserves, and the debt coverage ratio.

What net income you show on IRS past two years.

I'd love to chat.Other details:Building is fully rented with monthly income of $6486 / month. 3 of the units are 3br and the other 3 are 2 br.

These strategic purchases form the foundation for a robust future, generating excellent passive income and equity.

Loans are not income.

This will help you figure out whether or not her partner even has the credit/income to support his portion of the rental payment. 1 - Yes make him fill out an application with conducting credit, income, employment check, etc. 2 - Yes.

Is this simply a note that I claim the interest income or is it recorded the same as my other rental properties.

I'm just worried we are showing too much income and not confident the expenses are allocating properly for taxes.Love to hear your setups - we have 2 Dupexes and One comercial unit - 2 STR's, 1 LTR, and The commercial rental.

That is not income or a taxable event, but just return of capital.

It has something to do with reducing self-employment taxes of 15.3%.LLCs are generally used for passive income like buy-and-hold investments. ...