Points I am curious about:-Can you have a Solo 401k and a corporate 401k if you are still employeed?

@Sagar Mata Nationwide it usually averages out to be around 10% of the monthly gross rents.

I recommend the book "Rich Dad's Advisors: The ABC's of Property Management: What You Need to know to Maximize Your Money Now"You can probably find it at your local library.It's a great book geared more towards Multi-Family homes so some of the interview requests are overboard (like a list of all properties, resumes of all employees handling your property, etc.)

Once again they WIN.A group of us are ex-employees and clients and we have retained an attorney for a CLASS ACTION CASE.If you have lost money like we have reply here so we can talk.

If you could prove you had income on your tax returns whatever the source (1099, temporary positions or non full status employee positions), you could get approved.

It’s important to note the properties are located in a B neighborhood in which property values are on an upward trajectory.6 condos refinanced 75% LTV in two loans $300k @ 5% 5/20 and $34.5k @ 5% 5/10All in costs for units and rehab $305kRefinance amount $334.5k (yes we got out $30k more than we put in)Gross annual rent $94,620Annual Mortgage payments $28,308Annual condo fees $13,680Annual Property taxes $13,200Annual Insurance $3,300Annual Water/Sewer $7,056Net is $29,076

Two months into 12 month contract with CMHA they decided that she could afford to pay $687 per month for her portion of the rent when she was paying only $97 and had a gross income of about $15,000 per year and three young boys she had to take care of.

On an appraisal I’ve read for a 3 story climate facility with $8/sf land cost the facility cost $80/sf of gross building area.

The way a rental is calculated is Gross Rents X.75% - PITI, if its a negative number, that number gets added to your debt ratio.

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