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7 February 2025 | 5 replies
Even with a W2, it's completely doable with the right systems in place.
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11 February 2025 | 5 replies
Is there something I'm missing or did they just completely take the free version away?
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11 February 2025 | 20 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.
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5 February 2025 | 7 replies
Really expedites the time it takes to reach FI when you can completely eliminate your housing payment and get into multis for such little down and start building equity/cash flow with each one.
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25 January 2025 | 0 replies
We have completely gutted all homes and old infrastructure.
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9 February 2025 | 32 replies
Originally posted by @Jenna Waites:I know this thread is a few months old, but just FYI for anyone finding this considering Resimpli, the biggest issue I see with them is that their report options are TERRIBLE and they offer 0 customization to the metrics they do provide.On top of that they are a completely closed system so you can not pull your data out in any way to create useful reports or integrate with any other system.
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3 February 2025 | 15 replies
Are these primarily Cash flow or Appreciation type assets?
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1 February 2025 | 56 replies
Quote from @Stepan Hedz: That’s a solid list, and I completely agree that these types of real estate investments can be risky for those without direct experience or proper guidance.
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7 February 2025 | 11 replies
Most will require basic documentation such as a complete loan application, ID, Entity Docs, and 3rd party contact information.