
16 September 2024 | 6 replies
They have a learn as you go mentality as far as training goes so I feel you need to be a bit more self-motivated starting out as opposed to if you worked for a more well-known brokerage with a more formal training program.

16 September 2024 | 7 replies
For you, it will likely be business income / ordinary income(non portfolio) where it will be deemed active / passive depending on your level of participation.There are some court cases out there where people who originate 4 or more loans in a year are moreso deemed in the trade or business of lending money.It will depend on the original poster's taxaccountant to determine how he/she will treat the income.The one con of it being business income is that it may be subject to self-employment taxes.

15 September 2024 | 10 replies
Normally I would remove this post as self promotion- the original poster is a lender.

15 September 2024 | 1 reply
As long as the property generates enough cash flow to service the debt, you qualify—without the need for personal income verification.This type of loan is ideal for those serious about growing their real estate portfolio, especially if you’re self-employed or have irregular income streams.Why DSCR Loans Matter for Real Estate InvestorsWhen it comes to real estate investing, traditional loans can often be restrictive, requiring personal income verification and imposing limits on the amount you can borrow.
16 September 2024 | 14 replies
Avoid this self-proclaimed guru and keep your cash.

16 September 2024 | 8 replies
Hello MP, To answer your question: Yes, in a divorce, the IRS allows for tax-free transfers of IRA assets, including those in a Self-Directed IRA (SDIRA), if the transfer is specifically outlined in the divorce decree.

16 September 2024 | 6 replies
I self manage all of mine in Indy and would be happy to chat about collaborating.

16 September 2024 | 7 replies
Hi Morgan -It sounds like a DSCR portfolio loan might be a good fit for this scenario, given the rental income and the potential for self-management.

18 September 2024 | 15 replies
Most 1099 self- employed investors generally write everything off so using 1040's, 1120's or 1065's is a no go for tax returns.

21 September 2024 | 71 replies
Some would say there are no detailed explanations on how to “pay your self first”, I know I didn’t find any, but listening to that part over again, I came up with my own solutions to get the start in the game.