Like many of us, I have created my own spreadsheet calculator to analyze multi-unit properties. I am struggling to understand how depreciation and taxable rental income should be calculated in the spreadsheet.As I cur...

Before the 2007–2008 mortgage meltdown, getting a conventional loan was much easier. If you could prove you had income on your tax returns whatever the source (1099, temporary positions or non full status employee pos...

Currently working on analyzing leads accurately relative to rental income and interior of property when determining offer price. This will be done through consistent cold calling and accessing information at hand

Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...

Hey everyoneI am trying to get accurate data on Job growth, Median income & Population for neighborhoods in Indianapolis and I couldn't get it from anywhere reliable in my opinion because the differences between 1...

How hard is it to get approved for an FHA loan or a 203K loan with a very low income?

I just signed a P&S on my 1st commercial property. On the P&S I requested the past 12 months of income and expenses.  What should I expect from the seller as far as detail?  Just a pro forma income/expense sum...

Hi!I have been working in the same field for the last 4 years on 1099. In 2020 i incorporated my S corp. My question is: From a lenders view, seeing partial income now from a new S corp and 1099 still make me credit w...

Hello BP community, I am curious if anyone has come across a lender that will give a loan based on renting by the room and using the rental income as estimates in the loan?

Hi BP,I am looking at a couple beach house properties that looks really good on AirDNA however, AirDNA gave me the following analysis:Beach House Property:Annual Revenue - 121.6KOccupancy Rate   - 88%Cap Rate - 29.51%...