Landlord using income criteria, which one would you suggest from list below or there other alternatives? 1. Combined income of 3x2. Each applicant has 2-3x income 3. At least one of the applicant has 3x income4. Any o...
Hey everyone!First, thank you so much for all the support after my recent Podcast episode and the recent BiggerPockets release of the 2nd Editions of The Book on Flipping Houses and The Book on Estimating Rehab Costs....
I'm wondering if we're really making money. Not a rhetorical question, but would like genuine feedback. Here's the scenario. I want to live off of cash flow so I buy a lot of SFR. I then currently make about 550 cash ...
I'll try to make this short.Last month, I called an agent who runs a property management company. I offered to buy one of the houses he manages. Had to explain to him a couple of times what I was trying to do. Anywa...
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?
Hello, I'm a newbie and this is my first post on Bigger Pockets although I have lurked here for several years. While I have been able to find invaluable information on this site, I find many of the posts (especially i...
The Moorhead Team is hosting a HAPPY HOUR meetup TONIGHT (6/16) on rent-by-the-room/co-living strategy + some house-hacking. We'll be talk through how to increase ways you can increase your cashflow as high as 2x and ...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $87,600
Cash invested: $87,600
Sale price: $167,500
This was our 2nd home that we bought. It was a foreclosure ...
Since all the applications I've been getting have really bad credit scores, and having gone through evicting a tenant who couldn't pay me three months' worth of rent, I decided to ask for double deposit and first and ...
I'm seeking out distressed property on Long Island that could use some rehab. I have come across a handful of properties that are for sale, but were sold within the last 2 or 1 year for sometimes double or triple the ...