For the three times rent requirement on income, do you use net or gross income?

So I keep seeing that most lenders want two years of steady W2 income in order to qualify for a mortgage. I have 2 years of tax returns, one year was 12k (gross) and the other was 14k (gross), which would most likely ...

Does anyone have a LLC (for rentals) in Los Angeles City? I assume you are required to pay City Business Tax? My rentals are not in Los Angeles and I'm wondering if it makes sense to locate LLC outside of L.A. Thoughts?

What’s your guys favorite ways to stress test your underwriting? I heard there’s 2 most common ways to stress test underwriting:1. See what happens if interest rates increase before you close 2. Seeing what is the low...

Hi,I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and...

To fellow syndicators out there, how do you calculate your asset management fee?Do you take a % of NOI, a % of the total member capital raised, or some other metric?

Considering that DSCR  = NOI / Debt Service and NOI = Gross income less operating expensesWhen institutions are looking at operating expenses for a new purchase, how are they calculated?  For example, if we know the g...

Investment Info:

Other other investment.

Purchase price: $997,000

Cash invested: $450,000

In 2019 the property was rebranded from a Ramada Inn to the Baymont Inn and Suites (improvement). The Ramada...

So, the day has come to finally figure out how much your rental property income will affect your child support payment. You won’t be surprised that many states consider that pretty penny a critical component when calc...

Hi all - I have a question about capital gains. We are in the middle of modification of Child support - meeting with both parties this afternoon. My question is -

Does anyone know how capital gains is figured in gr...