Planning to rent out primary house in the next 6 months. Will need to buy another primary to move into and I am wondering how you leverage the rental profits to show income when purchasing the next house. Thoughts?
Hi BP Fam,I'm looking to increase the rental income on my triplex, without increasing rent. There's limited storage space in the property, but some potential to have some storage units on the grounds. I'm looking to p...
Hi all, I've been reading various places that banks have wildly different rules/rates for counting rental income as income in qualifying for a mortgage. Just so I know what range is reasonable to expect when looking a...
Hi everyone:
What is the best approach to validating the stated income from the Rent Roll?
What about tenants who have been paying cash to the seller?
Is there anything that ought to be in the PSA in connection wit...
Hello all! 34 year old father of 4 in SoCal. Looking to pull out $300k in equity to purchase multiple condo/apart in an area that has best rental $ on return of investment. My parents are in the landlord business and ...
I am a civil engineer about 3 years from retirement. I am looking for some rental property to provide a supplemental income stream when I retire.
Hello BP family. How does one estimate the fluctuation of rental income on a cash flowing properly accurately. I know of a website called rentometer.com. I am looking to buy a rental property in the near future and I ...
Just starting out with real estate investing and I haven't talked to the CPA yet.Let's say you have a day job that pays well, $200k/year.If you acquire 2 rental propertiesproperty 1rental income - expenses - mortgage ...
Hi everyone! When making an offer on a MF property, is there any way to verify the rental income that the seller claims to make on the property? Is it appropriate to ask for tax returns? This is a small 8 unit prop...
Hi, Is it legal to require my potential tenants to have at least 3 times of monthly rent for the income requirement in CA? Is it legal to have this in writing? Also I ask the credit score min is 660. Is it too high?