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, ...
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...
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...
Hi everyone! Two quick questions,
I have a conventional loan on my primary residence and one on my first deal.
1. Does the loan on my primary count towards the 10 loans?
For my next few deals I'm using a portfolio l...
departing residence is conventional, and will be purchasing FHA 45 miles away.
Hi BP,Looking for some financing advice as I find myself in a terrific cashflow position that lenders should love loaning to but on paper I'm falling short. The primary factor for both circumstances is that I rent out...