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Is it still possible to get 10% CAP rate for managed STR?
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With the rule of income must be 3 times rent, is that gross income or net income?
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Hey y'all, I'm a newbie and I'm working on financing my first deal at the moment. I shopped rates and am working with a lender but I've hit a few snags. I am self employed and make plenty of money to cover 40% DTI but...
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All,
I am under contract on my first deal -- a student rental property in New Jersey. It is a single family home with 6 bedrooms and is fully rented for the upcoming academic year.
I am trying to determine the be...
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When looking at income, how much do lenders consider gross vs. net pay?
My take-home pay is significantly lower than my gross pay due to my large contributions towards 403(b), Traditional IRA and HSA. If lenders do ...
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Good Evening BB, I have placed the maximum contribution for 2019, into a traditional IRA to maximize my tax deduction. My first question would be that while I have not purchased any securities with my IRA mon...
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1. How does me Making $10,000 a year from Rent from one Rental property , come into play , via Taxes on this $10,000 ?Can i keep all $10,000 of this as Pure profit and Pay no taxes on it via Writing off certain things...
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I've been pre-approved for a HELOC on my primary residences from Chase (they have the mortgage also). I'm not a traditional single W2 wage earner so most of my income comes from various businesses that pass through my...
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Hi everyone, just wondering what your experiences are on receiving 1099k form from using a property management software to receive online rent payment. I am thinking to switch to online rent collection from receiving ...
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27 year old male, 730 credit score, 40% DTI, no student/car/medical debt, first time home buyer looking for estimated max loan amount
Hello,
I understand that this is a case by case question with many variables in...