Tanim J B.
How to review smartmove income suggestions
Howdy, a newbie question.
was trying to verify 3x income requirement. Got application using smartmove where it says income as xx but paystubs show different? Should we consider pay stubs as source of truth?
Also app...
Coleman Nelson
P&L Report Including Vacancy and Loss to Lease?
I wanted to see if anyone's property management software provides the option to run a Profit & Loss/Income Statement that shows the breakout from Potential Gross Income to Effective Gross Income, including vacancy...
Jeremy H.
Calculating the "Cleaning Fee"
How do you personally calculate the cleaning fees?I've been running into this lately in my STR analysis. I have talked to PMs in the area and am told the "cleaning fee is a pass through cost" - I understand that the g...
Ryan Z.
How to maximize DTI for new conventional mtge?
Hi BP - Hoping for some guidance here. I have 1 cash flowing rental property (FHA mtge as I used to live there) and I'm currently leasing the place where I live now. In the next few months, I'm hoping to buy and mo...
Kyle A.
Any Creative Finance Wiz Kids in Here?
I'm looking at a deal thats current gross income is <110k with poor management, kind of run down, but in a good area. They have an asking price of 2.1m that's based off a gross income of 432k. After speaking with l...
Eric H.
1099 MISC - What is included in Rent
I just bought my first rental in 2018 and was just issued my first 1099 MISC. The number in the rent box that was issued by my property management company is more than double what I have in my records as received ren...
Andy Kaye
Rental house for $2400/mo. Minimum income requirement?
Based on the 3x rule, should I be requiring their GROSS income to be $7200/mo? or their after-tax income should be $7200?
Wei Dai
Rental Income for Accredited Investor's Income Test?
After learning a ton from the forum & podast (thank you all!), I'm finally writing my first post here!There are many benefits with being an accredited investor, including access to better investment opportunities....
Jon Chittenden
Include your rent when house hacking a multi-family
Hello All - this is a newbie question, but should you include your rent in a multi-family property that you plan on residing in? Especially when evaluating gross income and cash flow?Are there tax or liability benefit...
Chris Gilliam
Tenant Income Requirments
Hey Guys and Gals,
I have been getting a lot of requests from tenant that have really low income. Like 20-25k a year. I was just curious what other use as a minimum income prior to renting?
Thoughts?
Chris