Bailey A.
Gross Income or Net Income for 3X Monthly Rent?
Hi There,I'm in the process of sifting through applicants and had a quick question. When going by the industry standard of income needing to be 3x the amount of rent, do you look at gross or net amount?
Michaela Manco
Do lenders use your Adjusted gross income or net income?
I’d like to buy a new house this year. I have a w2 for my full time job and my rents I collect reflected on my tax return. I spent a lot on improvements on a rental this year (hvac system, new flooring) that usually I...
Craig S.
Is Net Income or Gross Income Used For A Mortgage?
Hello,
I am looking to get financing on my first deal. I am looking at purchasing a multi-family apartment (max of 4 unit) through the FHA program.
I am 22 and self-employed. My gross income is a lot higher than my ...
David Sisson
Required income for tenant - gross or net?!?
So, right now, I'm requiring that the tenant have 3x the rental as their income. I've also heard it said that you should require 35 times or 40 times the monthly rent as their yearly income (which is a bit more strict...
Steven King
My path to 4K gross rental income
I’ll try to keep it as detailed and short as possible if that’s possible. My plan is to house hack for the next 4 years taking advantage of the FHA loan benefits. Right now I have a 700 credit score and should be able...
Willy M.
$50K gross rental income. Would you buy?
Hello,I have an opportunity to purchase a Multiunit (Commercial, residential) property with a $50K yearly gross rental income. The property consists of the following:2 Commercial store front units4 2BR Apartments14 Ga...
Matt Schulze
Is AIRDNA accurate for gross rental income?
How accurate has airdna projections been to your actual gross rental income been for the year to anyone with a short term rental? For example the number i got was 55k on airdna. When i talked to a property management ...
Hannah Joy
Net or Gross income used for DTI
Do lenders typically use net or gross rental income when calculating DTI?
Kate Gofman
Primary residence to rental property minimizing gross income
Hi everyone,I plan to rent my house which has been my primary residence for 5 years, and move in with my fiancé .I am a single mother with 15 year old twin daughters. I don't have any savings. Of course, I worry abou...
Matt Owens
How would you recommend allocating gross rental income?
As a new investor I am working to find the right balance of allocation towards Vacancy, Capex, Emergency, etc. I currently sit anywhere in between 6-8%. I like to be aggressive with these numbers as cash flow is not m...