Gross Rental Yield: annual rental income divided by my property’s value/price (multiplied by 100 to get the percentage). Where Property's value/price is comprised of the purchase price, all closing costs, and any ren...
I’m looking at a 4 unit townhome in Tampa, Fl. Total cost is 800-900k. My income is 110-150 a year. Downpayment 50k. How does projected rent work into a mortgage loan for a property like this? I would live in one and ...
I am no expert, but I've done a few rehabs. When I walk houses I try to think of what it would cost for various things. I am usually off, sometimes way off. I thought it would be helpful to some newer people to pos...
Say there are some partners in an investment and all partners are involved equally, there's no preferred shares, waterfalls, etc. Each partner has a percentage interest according to how much money they have put in ...
Is this a deal or not?
I am looking for a longer-term rental The property needs a little TLC could be rented out right away or do some small TLS and get the higher calculated rent.
PP $310k GAR $25400 Total e...
We haven't had a section 8 tenant before but we are getting many potential s8 tenants looking at an open property that we have and chasing down information is becoming a time consuming process. It's my understanding t...
Hello BP Community,Brandon Turner often says on his webinars that +$100/unit is a base hit, +$200/unit is a home run, and +$300/unit is a grand slam. I love that rule of thumb so much, I actually have it posted on my ...
Hello,When it says you can use 75% of your rental income to report as income when applying for another home loan. Is 0.75 multiply against what is charged for rent for the month or is multiply to the cash flow I get ...
This is a tax question for the situation where the main house is 100% occupied by the owner and the carriage house/ADU is 100% dedicated for Airbnb renting (never used personally). The ADU is a separate building from ...
Hello!
I currently live in Michigan and am looking at moving out of state. I would like to keep my current residence and rent it out. Is anyone familiar with how the taxes work on that? Obviously my taxes are homeste...