Good Day BP!Can I use the properties rental income to help qualify for a loan? If so, what are the details?
Colorado limited income qualification to 2X rent recently. Does anyone have a strategy to protect against less-than-qualified tenants getting approved? I used to charge the equivalent of one monthly deposit for qualif...
Commercial property management company charges 5% of monthly gross income as its fee, which includes CAM income. The tenant's lease is NNN and property management fees are considered a CAM charge. If the tenant is pay...
Talking to various investors, it sounds like people interpret the "50% Rule" (calculating expenses to be 50% of revenue) somewhat differently. I'm curious how each of you do it?
For example, some people use 50% of g...
Hello,I’m trying to determine a price for a multifamily apartment building I’m selling. The way I’m doing this is taking the net income and determining a possible sales price using the cap rate.Normally to determine ...
Hey BP, what exactly is rental income? Is that considered all the rent generated from your tenants? Are there any expenses subtracted from the rent to equate the rental income? Is this only considered cashflow? Does r...
1. Forgive my ignorance but after watching youtube videos regarding recent changes about landlords it gave me the impression that "section 24" means that landlords are now taxed on "gross revenue" and not "net profit"...
For the three times rent requirement on income, do you use net or gross income?
We are first time landlords. Our first application came in for our rental, but after taxes their total income is barely 2x the rent, where we require 3x rent. What is the proper way to deny them? Do I have to send an ...
if my NOl is 15,158 how can i know my percentage?? Bigger pockets says i want a NOl that is between 40% or 50%.