If you are aiming for a $2,000/month rent, the tenant would need an income of $96,000 to meet the four-times-rent rule—an income significantly higher than the city's median.The Competition FactorThe most qualified and high-income tenants are typically drawn to newer building developments.

After a refi last year (5.25%), my monthly payment is $3,750 (includes taxes and insurance).Based on comps and conversations with a realtor, I could probably sell for around $650k, which would leave me with about $60k after realtor fees, essentially letting me break even.II could rent between $2800 - $3,000/month.Estimated monthly numbers:· Mortgage (PITI): $3,750· Maintenance estimate: $300· Rent: $3,000Total monthly cost: ~$4,050So I’d be negative about $1,050/month.Of my mortgage payment, about $650 goes toward principal each month.

Essentially, they just want to verify ownership, property value, and your ability to repay the loan.

@Stacy Raskinyou failed to mention what happens if the property owner has set up a triple net lease with a management company essentially guaranteeing a specific amount of income with no taxes, insurance or maintenance expenses.

.** Income (typically 3x rent), credit, rental history, and background check — don't skip steps because someone seems nice in person.

Hi all,I recently started doing some private lending and would appreciate input from those with more experience.So far, I’ve been lending in 2nd position behind a hard money lender on fix-and-flip projects, typically around $50K per deal.The borrower operates his real estate business through an LLC, and I invest the money through our real estate investment LLC.

As we are entering tax season I am wondering what Expenses I can write off and if I need A 1099 for my Co manager who contracts out the cleaning team that I am essentially paying for?

My thinking is that because the owner wants out as soon as possible, he might agree to this arrangement that frees him from essentially all responsibility at least for the duration of the option.

I can essentially be your one stop shop for real estate investment

Thus, our agent’s incentives were misaligned with our interests, and this influenced how he advised us.Myth #3 – An agent is essential for navigating the paperworkWhile agents can provide standard forms like the California Residential Purchase Agreement (RPA), they cannot advise you on contract language.