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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
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I'm trying to understand my numbers. I ran a BRRRR report and it was laid out the following:ARV $275,000Estimated Repairs $17,250Purchase Price of $175,250 (70% of ARV - repairs) Assumed Gross Annual Scheduled Income ...
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Hello,I know this questions seems a little too vague, but I'm new to researching apartments and have a potential 12 unit townhouse complex grossing 100k/year. Rent increase possibiity is there to increase gross to $1...
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Hello, I need help making a decision. This tenant has good credit above 600, good background and everything except income does not exceed rent by three times. Monthly income is around 7800 and rent payment is 3200 a m...
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Hi, alright first deal. I ran a calculator and numbers are shown below, it so far check marks most of the items I am looking for in regards to property appreciation potential, location, strong rental numbers, school, ...
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How do you determine the the tax rate for depreciation recapture? When you recapture the depreciation when you sell a property, is the recapture tax rate based on your ordinary tax rate at that given time? For example...
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What do you qualify as net operating income? I've been using the Property Analysis Tool and removed all of my property expenses - taxes, mortgage, insurance, water, advertising, and some other small expenses directly ...
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So I have 3 applicants (a brother and 2 sisters) who don't work but get SSI disability income. Rent for my property is $850/mo, and I am requiring 3x the monthly income, which is $2550/mo in income. Combining all 3...
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I have a friend with an 86-unit apartment building on Mt. Prospect Avenue in Newark, NJ. He's thinking of selling the property, and he asked me how he should estimate the market value.
$630K yearly - Gross Operating...
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All,
Can you all help me Analyze this 4 plex deal? Is 6% cap rate good? This is for a property in Texas
Property price - 275000
Rental income - 25800
Vacancy -5% at 1290
Property management fees - 10% @ 2750
...