The Ryan Bakke Show 093. Grow Your Real Estate Portfolio Faster With THIS Concept
Jul 29, 2024
Ryan Bakke, an expert in real estate investment and debt management, shares his insights on the crucial debt-to-income ratio (DTI) and its significance for scaling real estate portfolios. He breaks down how to calculate DTI and emphasizes the importance of maintaining strong lender relationships. The discussion also covers the differences between short-term and long-term rental income, strategies for managing depreciation versus repair expenses, and the key role of liquidity in investment success.
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Protect Your DTI
- Protect your debt-to-income (DTI) ratio to scale your real estate portfolio.
- Maintain a close relationship with your lender to understand your borrowing power and its influencing factors.
Rental Income Differences
- Long-term rental income can be counted with a lease in hand.
- Short-term rentals require at least one tax return filed, not necessarily a full year.
Short-Term Rental Reporting
- Ensure your CPA correctly marks short-term rentals on your tax return (code 3, not 1).
- Accurately report the actual days rented, not 365, for proper income annualization.