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Hello all! Do you count social security and disability as income to calculate 3X gross of the rent? Seems like it would be a constant and reliable monthly source of income, but I have never come across this.
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I have been trying to break into landlording. I have been researching for a couple years now while working on my credit and now have reached a point financially that I beleive I can purchase my first rental.
I have...
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I currently own and live in a 3 family, and am interested in acquiring another 2-3 family this year as investment. My family is also passively on the market looking for a SFH for us to live in, or land to build our h...
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My wife and I are having a discussion about the ability/inability to acquire 10-12 single family properties in 5 years. Her strategy is to pay down our first property considerably before buying another one, and my ...
Hi All,I want to confirm if I understand tax implications of a rental property correctly. The biggest confusion point for me is if rental income is taxed on gross income or net income (I think it's gross?)Here's an e...
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Hey all,
I'm new to investing,. I currently already have a primary home, SFH, in which I rent by the room. I was wondering if I acquired another SFH via traditional investment loan, and either rented whole house/by ...
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I am completely new to this, so forgive my abundant ignorance. I've found and MF 8 unit building in a pretty good location. All units are 3/2 1080sqft. Actual 2014 numbers are as follows: potential yearly gross inc...
Hello,Okay so I'm just starting out as an investor. I am a agent the Phx area. but new to the investing side i got a couple questions. I have a deal I'm looking to get into. its 4 unit multi family. monthly rents 230...
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I have a question for you guys. I have a rental that the mortgage is $727. I rent it out for $930, thus producing a $203 profit each month so to say. When I state my income on anything from applications for loans to w...
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Hi!I’m (very preliminarily) interested in the concept of house hacking a duplex with an FHA Multifamily loan. I’m also very new to real estate investing overall and had some questions about first steps! In understand ...