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Results (10,000+)
Mark S. To Live Off Rental Income, Some Advice Needed
10 January 2020 | 13 replies
If you are debt free and making $10,000 a month, that means you're making double what the average family makes in this country.Personally, I think you should take some of the equity from your existing homes and leverage that to buy a few more investments.
Anthony Paul Guglielmi How to get existing tenants to sign new lease?
10 January 2020 | 3 replies
@Anthony Paul Guglielmi  Are they on an existing lease? 
Anthony Paul Guglielmi BRRRR-ing with existing tenants
10 January 2020 | 8 replies
I think there's more to consider than just money, to include your existing tenants' right to quiet enjoyment.
Steven Torok Tax implications of reinvesting 100% of profits
17 January 2020 | 9 replies
I would like to understand what general tax benefits exist if 100% of rental profits are reinvested into new properties.I own, through a LLC, a few rentals which are fully paid for, and am in the position to just reinvest all profits.
Shane Willis Mentor - do they see me as a competitor ?
11 January 2020 | 15 replies
How do I co-exist with my mentor in the same area without souring the relationship?
Zach Silva Month to Month Lease question
10 January 2020 | 1 reply
They are issued and signed at the same time as the original lease and are additive while an amendment is signed at a later time and revises what is existing.
Christoph Berendes Owner (K-1 partnership) -occ. refi, depreciation and debt/income
13 January 2020 | 3 replies
My question regards how the lender is calculating income in the debt-to-income ratio based on the existence of the partnership.)If we treat the partnership as a standard business, our DTI is unfavorable:Net rental income: $7600Other income:        $3000Total:                   $10600Debt:                    $ 6000DTI: 57%A DTI of 57% is above their limit.However, since Net Rental Income excludes $1000 monthly depreciation (non-cash expense) and $2,400 interest expense (part of the proposed debt), we were initially told that they would add back depreciation and interest expense, leading to a monthly income of $14,000, and a debt-to-income ratio of 43%, and that DTI would pass muster.The loan went to underwriting on that basis, but underwriting decided that they couldn't add back depreciation and interest expense, since it's a K-1.
Michael Craig Annual Walk throughs, Who Does these anyways?
11 January 2020 | 5 replies
Do you perform an annual walk through of your unit each time an existing tenant renews a lease?
Andy Prince How do taxes and insurance work in a seller finance deal?
11 January 2020 | 8 replies
In this case, The owner has an existing mortgage, So my attorney will be structuring a "subject to" type of finance deal.
Dale Nuzum Using my 401k to finance my existing tree farm business with ROBS
13 January 2020 | 2 replies
@Dale NuzumWhether the strategy makes sense or not will depend on a lot of details.As a means to utilize existing tax-deferred retirement savings to capitalize a business expansion, a ROBS would absolutely be the correct tool for the purpose.