6 March 2024 | 6 replies
You'll need to fill out Schedule B and also the interest income section of your tax return (usually Form 1040).
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6 March 2024 | 7 replies
It's a false sense of security because if the right attorney came along, not only would your insurance be maxed out, but they could still take property and/or income.
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6 March 2024 | 11 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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6 March 2024 | 1 reply
AGAIN FOR ALL OF THE SMARTIES....I AM WELL AWARE THAT A LANDLORD CANNOT DENY A TENANT BASED ON MARITAL STATUS AND should HAVE NO CARE IF TENANT IS MARRIED OR NOT.....HOWEVER I AM INTERESTED IN KNOWING WHAT FINANCIAL OBLIGATIONS COULD ARISE FROM THE DIVORCE PROCEEDINGS AND IF THOSE OBLIGATIONS WOULD AFFECT PT'S ABILITY TO PAY RENT BASED ON PROSPECTIVE TENANTS CURRENT INCOME.
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6 March 2024 | 5 replies
People applying for a mortgage actually needed a job and income.
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6 March 2024 | 2 replies
“In 2020, a household earning $59,000 annually could comfortably afford the monthly mortgage on a typical U.S. home, spending no more than 30% of its income with a 10% down payment.
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6 March 2024 | 7 replies
Trenton and Camden pull good rental income, but as an owner you need to have a high tolerance for bs.
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6 March 2024 | 4 replies
Even in an area like Lynn (North Shore) the margin between gross monthly income and all expenses based on an $800k property would net us approx $-2500/mo.
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5 March 2024 | 4 replies
That allows me to generate a high and low estimates for each aspect of my overall rehab plan.
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5 March 2024 | 70 replies
In my market a dump two family is 4X that.These no difference between your generations and others.