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18 May 2024 | 5 replies
I would also start considering what a move may look like and initiate interviews with possible employers in the new area.
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19 May 2024 | 2 replies
DSCR is a great tool to use when you are self-employed or you want to avoid using personal or business income to qualify.
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18 May 2024 | 12 replies
If you have been self-employed for 2 years lenders will use 12 months of your deposits into both your personal and business accounts as qualifying income.
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18 May 2024 | 4 replies
Instead, they typically employ a sales comparison approach to determine the property's worth, using the income to calculate the DSCR, which usually needs to exceed 1.0 for most lenders.Assuming you have a solid track record with the property and there's enough equity in the deal, leveraging the After Repair Value (ARV) on a sales comparison evaluation could enable you to refinance into a bridge loan until the necessary work is completed.Maybe a mortgage broker specializing in traditional loans could offer insights into construction-to-permanent loans
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17 May 2024 | 2 replies
This is hands down one of the best investments I've made in my own education (for contrast: my BS and doctorate cost me $250K, and for RE, apart from books, I recently spent $18K on a syndication coach and $5K on multifamily strategy with Christian & Cody) -- and her course was a fraction of these costs at only $2.5K (Soli: you should up your prices, you are worth it)!
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18 May 2024 | 3 replies
The cities here in Coachella Valley must employ some high-tech IT peeps because they troll for bad actors, find them with AI and other tools, and fine them $5,000.
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21 May 2024 | 34 replies
And most folks dont truly understand what its really like being Self employed.
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18 May 2024 | 13 replies
Hello all,A lateral move with my current employer has my family moving to North Carolina.
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20 May 2024 | 28 replies
. #2 reason is that rentals already bypass self-employment taxes (usually) which is the primary benefit of an S Corp (reduce SE tax plus PTET possibility).There is zero harm leaving it in the S Corp just don't revoke your election.
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17 May 2024 | 4 replies
I’m also self-employed in another non-related industry.I’ve used Aldaris CPA for my taxes for the last 4 years – they’re awesome and local in West Seattle.He also takes care of my bookkeeping and taxes for both my real estate business and other business.