Ryan Moore
How to use income from current rental for future loan
I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:1) How long do I ha...
Ale Rioja
Qualify as RE professional with full time W2 and single status
Hi BP community, I wanted to see if it's possible for me to qualify as a RE professional or what other strategies are available. I know that to qualify as an RE professional for tax purposes, I must:- spend 750+ hours...
Devan W.
High DTI Ratio with HELOC
Hi BP! Recently, my wife & I decided to get a HELOC on our rental property in hopes of buying more rentals. Our lender said $210k was the max we could qualify for considering the LTV and our DTI (now around 53% wi...
Garrett Dube
3 SFH Rentals | Goal is 50 units
My wife and I started buying out of state SFH Rental Properties in 2022. We have 3 so far with a goal of 50 units within the next 4-5 years. Primary focus is Sec 8 tenants when possible. Our current units are in Toled...
Eric Perez
Creative financing help
Recently purchased my first two rental properties. I was told that I have to wait two years before I can purchase my third home. I was also told that the two houses count as a liability and not an asset until I have ...
Neil P.
Buying a 15 cap in a not so good area
I am buying an off market deal, the numbers come out to be a 15ish cap.
The neighborhood is decent, dont expect value to rise like the rest of the market.
The property has strong rental figures, around 10,500k a mon...
Andrew Jacoby
Buying My First Time Income Property Road Block
I am currently trying to purchase my first investment property in Nashville. I have been educating myself on real estate for over a year now and have been working with a realtor for a couple months. I am ready to pu...
Maggaline Robinson
Tear Downs in the DMV
How profitable would this be in the District, Maryland & Virginia (DMV) market? I noticed Bethesda, MD is an area where this is popular.Maggaline
Johann Jells
Tax structure alternatives to form "E" for tuition aid purposes?
There was a short thread on this, but it was locked. We have 13 units (including our own) in 3 properties, and file schedule E. I actively manage and maintain these properties. From my reading, I need to form a more ...
Josh Rodriguez
Do lenders consider rental property income when applying for loan
Hello BP, do lenders look at and/or consider rental property income when applying for a loan? In other words, let's say I make 60K from my W-2 job and 5K from rental income annually. Do lenders even consider the 5K as...