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15 January 2025 | 13 replies
Consultants, inspectors, and mentorsProperty managersAssistantsBookkeepers, accountants, and attorneysLandlords if you rent your office spaceYour business partners if you paid them (except if they were strictly lenders)Disclaimer about wholesalers: it is a controversial issue, with some of my colleagues claiming that wholesalers do not need 1099s.
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12 January 2025 | 20 replies
@Tayvion Payton to get a better understanding of the loan products, it's best to have a conversation with a commercial loan officer at a local community bank or credit union.On commercial, the number one rule is a deal meeting their DSCR loan covenant, which is typically 1.2 to 1.25.
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4 January 2025 | 9 replies
However, I don’t have a US-based W2 (but work full time for an American tech company in their London office).
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12 January 2025 | 6 replies
So I contacted the tax collectors office and was told there was a legal loophole and that since the building had been owned by a non-profit for part of the year it would receive tax exempt status for the full year.
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22 January 2025 | 203 replies
The 6.8 was some 65 miles south of me, I was on the 2nd floor of an office building that shook so hard for a minute that people were having problems staying standing up.
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17 January 2025 | 24 replies
A brief inattention with horrid regs and horrid regulators (talk to small community bank officers & owners privately & with alcohol.
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6 January 2025 | 4 replies
Make sure you talk to a Banker or Loan officer that is well versed in both SE (Self Employed) income and also Non/QM programs.One tip I will give you as a Banker is open up a "Business Checking account" and for the next 12 months pay "Everything" out of that account.
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6 January 2025 | 7 replies
Finally, check with the Town to make sure there are no municipal liens, Make sure they're on Town sewer, check with the tax assessor to see how many bedrooms the tax office thinks there are, (important if you are flipping) buy ok to have more bedrooms if you are planning to buy and hold.
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6 January 2025 | 4 replies
Brokers will be eager to add you as a new agent to their office.
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6 January 2025 | 7 replies
I remember once I was in a nice area of ATL at a closing and the attornies office was hot I asked whats up he said his two condenser got stolen that night LOL.. its a very active sport out East of the rockies we just dont hear of this on the west coast..