When a lender is calculating DTI for an individual, who owns real estate but does not have 2 years of schedule E returns, will he/she recognize 75% income from the properties if the properties have 6 month leases rath...
Hey all prospective house hackers! Some big news last month.Lenders can now count income from an accessory dwelling unit (ADU) toward your loan qualification, according to an announcement from the federal housing auth...
I am fully retired and have a small pension. I own 7 doors all of which are about 30-40 miles from my house. I am managing the properties myself and spend a good amount of time overseeing them (maintenance, cleaning, ...
We are looking to get another mortgage to purchase an investment property. One company told me that our debt to income ratio is to high (we have 2 investment mortgages) and said we would not be able to come rental in...
Just curious, when people say that they have $5k passive income from real estate for example, typically is this number just a pure cashflow after setting aside the reserves (vacancy, cap-ex, repairs) , or is it cashfl...
I recently closed on a Sub-To deal, I took over the mortgage payments for the seller while the loan stayed in place in their name.Going forward, if I were to buy another property with traditional financing. Can I use ...
if anyone had read my post about making 33% profit after living rent free for 2 1/2 yrs I have a twist. At the time of writing the post I was a couple weeks out from closing. I still have not closed and the deal is on...
Just a word of advice, don't count on your tenants to change the air filters in your home. I saw a work order from the management company late last night saying the ac stopped and today, Sunday, went over in the morni...
A great big HUGE congratulations to Josh Dorkin and the flannel-wearing bearded guy for their podcast reaching 25 million downloads!Every week for the past 215 weeks, Josh and Brandon have brought you excellent interv...
I've hesitated to post a success story and gone back and forth, but here I am typing.I am 24 years old from Alaska and this year decided to get serious about real estate investing. I began the year by finally selling ...