Internal Revenue Service, or (iii) received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) the individual is unable to pay the full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, a lay-off, or extraordinary out-of-pocket medical expenses;4) the individual is using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses; and5) eviction would likely render the individual homeless—or force the individual to move into and live in close quarters in a new congregate or shared living setting—because the individual has no other available housing options.

Internal Revenue Service, or (iii) received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) the individual is unable to pay the full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, a lay-off, or extraordinary out-of-pocket medical expenses;4) the individual is using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses; and5) eviction would likely render the individual homeless—or force the individual to move into and live in close quarters in a new congregate or shared living setting—because the individual has no other available housing options.

How was that impacting your day to day life?

Neither Texas nor Nevada have a personal state income tax.Calculations for the Austin property:ROI = (1700 x 12 - 1024 x 12 - 1700 x 12 x 8% - 1625 - 6022 - 41 x 12) / (3% x 252500 + 20% x 252500) = -2.9%Cash Flow = (1700 x 12 - 1024 x 12 - 1700 x 12 x 8% - 1625 - 6022 - 41 x 12) = -1659/Yr. or -139/Mo.Calculations for the Las Vegas property:ROI = (1490 x 12 - 1033 x 12 - 1490 x 12 x 8% - 450 - 1151- 41 x 12) / (3% x 255000 + 20% x 255000) = 3.3%Cash Flow = (1490 x 12 - 1033 x 12 - 1490 x 12 x 8% - 450 - 1511- 41 x 12) = 1,906/Yr. or $163/Mo.Include all major costs when comparing propertiesAs you can see, the high cost of insurance and property taxes in Austin had a huge impact on profitability.

Good morning all, I have a few properties to date and continue to acquire at a steady pace, although COVID impacted me.

Or are you aiming to have a more affluent/higher income party (like a parent) co-sign with you for their impact on the underwriting?

If an investor doesn’t participate in the exchange, we pay them out and it won’t impact the ability for other investors (will be the majority, if not all investors) to successfully participate in the exchange.

Since it may need some work right away and/or in the first few years due to its age and neglect that could negatively impact cash flow during that time.Most people have a tendency to underestimate expenses and overestimate income so having the numbers as solid as possible before due diligence is over and your locked in will be critical. 

I'd like to hear peoples stories on this and impacts on resale with no permits. 

I'm stating this in case it will impact the financing.