
4 October 2018 | 3 replies
How can we provide proof of income when we are relocating and starting fresh?

24 July 2018 | 2 replies
Just make sure you have some kind of water proofing to prevent that happening again.

1 August 2018 | 22 replies
@Christopher M.Ahhhhhh, I see now what you meant in your first bullet point.

25 July 2018 | 4 replies
(If you want proof evaluate a flip with all cash vs hard money and you'll see the difference) Find out what is important to your investor.

26 July 2018 | 41 replies
I guess he could file a lawsuit and claim illegal eviction, but that would require proof he was a tenant.

3 August 2018 | 15 replies
In Glassboro at least, its incredibly ****** market to rent to families, alot like chewing on glass, it may be different for other college towns of course, but Ive had to evict 1 family, and the other, they had a drug operation (found out from neighbors) and a family of 5 plus the family of 3 I rented to living out of the house.

26 July 2018 | 8 replies
You dodged a bullet here.

27 July 2018 | 11 replies
Fannie/Freddie loans just carry better rates and terms (in general) so we try to go for those first.Here's some bullet points on how income is calculated with Fannie/Freddie and S-Corps:W2 income – that’s easy, you probably understood that your W2 income can be added TO incomeK-1 income (box 1 & 2) – also pretty self-explanatory, but just in case, it’s added alsoAmortization/Casualty Loss – Added BACKDepreciation 1120s (line 14 & 15) – Added BackHowever….Mortgage Notes, bonds payable in less than 1 year (Schedule L, line 17)- this is SUBTRACTED from your incomeMeals & Entertainment (Schedule M1, Line 3b) – SUBTRACTED from your incomeNon re-occurring Other Income (1120s line 5) – SUBTRACTED from your incomeAnd then they would average 2 years of these data points to come up with your "qualifying" income.

26 July 2018 | 1 reply
If the seller showed the affordability to be approved for a mod, the servicer may want proof that those modified payments can not be made (further hardship explanation).
27 July 2018 | 1 reply
This was the previous thread i created; https://www.biggerpockets.com/forums/12/topics/594...I am not employed currently and am still in school but have roughly a 50k bankroll and i can make 5k a month on avg and my credit score is okay so far (recently got credit card a few months ago), i have stats/graphs/records documented from poker earnings and am currently trying to fill out my w-2 filling tax returns to show proof that i have document-able income and all i would need is 2 years worth of w-2s?