Gamal Harding
Navigating the Surge in Rental Application Fraud: A Guide for Landlords and PM's
6 January 2025 | 4 replies
This can range from minor exaggerations to outright lies about employment, income, rental history, or identity.Key Signs of Potential Fraud:Inconsistencies in Documentation: Discrepancies between the documents provided and the information filled out in the application form can be a red flag.
Jimmy Rojas
Roughly what interest rate and term am I looking at in my situation
10 January 2025 | 1 reply
Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score.
Andreas Mathews
How Can I Gain Property Management Experience
10 January 2025 | 4 replies
At this stage, the main thing we need is for me to get back into the workforce and get some money coming in, in order to achieve that dream.With that in mind, my immediate goal is to gain employment in the field of property management, as opposed to wasting my time working in another field that is not associated with real estate.
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
While fees are pretty similar between custodians, read the fee schedules carefully as there are sometimes others fees charged that aren't readily discernible.Good luck and happy holidays!
Josh Duncan
Thoughts on 401K loans
8 January 2025 | 10 replies
My retirement system doesn't allow for me to roll anything over given that I'm still employed with the company and also under 59.5 years old.
Jonathan Worrell
Mentoring and Advice
13 January 2025 | 3 replies
That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.
Ethan Gallant
Beginner looking to BRRRR in Canada
24 January 2025 | 5 replies
I am a 24 year old who's employed in the CAF and looking to getting into real estate, more specifically BRRRR.After looking online for quite some time I've noticed how high Canadian real estate is and I wonder if it is even worth getting into.
Kieran Dowling
Refinacing a duplex
20 January 2025 | 5 replies
You can close in an LLC and don't need to provide employment history, income or tax returns, and DTI isn't a factor.
Rick Wood
Rent to Own Or Co-sign??
13 January 2025 | 2 replies
My son (age 24) however, is an independant contractor / self employed and is trying to buy a house.