These are the numbers on a triplex that I purchased 2 years ago:Cost: $255,000 Gross Income: $36,000 + utilitiesNet Income: $27,000Cashflow: $15,500Cash on Cash Return on $56,000 investment: 27.7% per yearAs for getting your Realtor's license - it sounds like that may be a bit much to take on that on top of working and going to school.

For my particular situation paying a management firm 8% of the gross  rent was worth not being hassled over the management of the property and knowing that someone was visiting the house taking care of issues and ensuring the renters met their obligations.  

Ours makes about $2500 gross per year and you have more units than we do. 

Good afternoon,I am sitting here, browsing the internet for current 2015 on the max DTI on an FHA load, while at the same time deciding if getting an unsecured loan will halt my plans on purchasing my first propertyHere are the current numbers ( any help will be greatly appreciated )....Monthly average Gross = $1,700credit score = 680Total monthly Debts = $200House Payment I'm looking at from the purchase of the property = $500 ( this includes PITI )The monthly minimum for the unsecured load will be right around $150 a monthSo with my current monthly debt minimum of $200 + $150 ( new monthly minimum debt form the un-secured loan ) = $350Using a DTI of 35/50..... .35 x $1700 = $600     .50 x $1700 = $850Given this DTI, I'd be right at the Max on the 50% side of $850 , if I take on this new loanmy questions are...1. is a 35/50 DTI on a FHA even likely to get ?

Hello, we currently have a real estate company that rehabs homes and we have 5 employees including myself.  

I have always thought that a <150K small estate probate (DE-310 )  could be insured w/out a probate action, along with sheriff sales and post-tax sale properties.The other issue is this idea sounds like the type of work the I suck at (employees, meetings, more meetings, ect...).  

We do a lot of direct marketing.Internet, yard signs, vehicle signs, billboards, employee uniforms, direct mail etc.

Rate 8% or 46K Gross The building is 25 years old with a new roof and has been maintained.Fully rented.Operational Exp: (numbers verified)Ins: 2kMaintenance Cost: 7% Gross or $3200 Management Fee: 6% Gross or $2900Property Taxes: 8kTotal: $16100[b]Purchase Price: 339KDownpayment: 30% or $98700Debt Service: $1720/MONTH (30% down 6.5% @ 20YRS)Based on purchasing the property @ $329KCash flow ranges from 10k to 14K year depending on VAC. rate.

We have 5 Full time Employees and a construction company of anywhere from 15-30 depending on how many jobs we have going on.

By setting yourself up as an employee of your LLC, could this make you look lendable to a bank much sooner?