You have to either buy cheaper houses that you can easily afford, or make sure that you have enough cash in the bank to cover any vacancies and large repairs.Or be very tedious about your property management and make sure you can replace the tenants quickly which is a combination of understanding your market, pricing, etc.

Many MB and NMB banks don't finance fractured condos (the are Fannie Mae 'non-conforming') and those that do will look at combined value limits. for instance, 1st and 2nd mortgages (including a LOC if you can find one on NOO) will be 70% on a FNMA N-C fractured condo: 80K * 70% = 56K.

Most lenders want your combined loan  balance (primary loan, secondary loan... plus HELOC) to be 85% or less.Right now, you're already sitting at 80%-85%+ depending how long you've owned the home and how much it will appraise for.

I rarely see late fees, but I'm happy if I see all the rent.  

My wait list is a combination of being a "good " landlord is (which I could go into more detail about what that means in a future post), advertising directly to my target market, and referrals from tenants or others who know what I do.

Current state: Value 240k, 3BR/1.5 BAUpstairs bedrooms are... 1. 10X12 2. 12X12 3. 12x10 A: Add a bedroom downstairs and bath =4BR/2.5BA Total cost = 4kB: Combine the Current Master and Bedroom  (See picture below) to create a master suite w/ walkin closet and bathroom.

Your LLC's net profits pass to your 1040 (individual return) and are taxed at the individual tax rates (in combination with the rest of your income).

I rarely charge.

Combining the two requires you be well versed in both animals.  

Hi All,I just finished my course on NJ Real Estate Salesperson.Now, I was wondering what else should I do - to increase my income or side income.what is in best combination with Real Estate Sales Person.Thanks