Is it still possible to get 10% CAP rate for managed STR?
With the rule of income must be 3 times rent, is that gross income or net income?
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...
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...
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 ...
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...
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...
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...
What GRM range should one stay in when buy multi families and mobile home parks?
Thanks
Jordan
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...