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5 February 2025 | 69 replies
Their rates are good but boy, they looked at my financials and ask some funny questions such as asking for proof that I could withdraw funds from my SEP IRA account, and that I need to provide documentation to verify that this employer sponsored retirement account allows for funds to be withdrawn, or if withdrawals could only be made in connection with the borrowers employment termination, retirement or death etc. everyday they sent me something new to answer.
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14 January 2025 | 1 reply
While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc.
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23 January 2025 | 16 replies
LLC-A deducts the 10% management fee, while LLC-B reports it as active income, subject to self-employment tax but eligible for tax-efficient salary and distribution strategies.Ensure the setup has a clear business purpose, reasonable compensation, and documented management services to avoid IRS scrutiny.
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8 January 2025 | 5 replies
Verifying last 2 years of rental history very important!
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15 January 2025 | 10 replies
Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.
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3 January 2025 | 18 replies
Be currently employed and be able to provide 3 most recent months of past paystubs or other income documentation. 3.
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8 January 2025 | 8 replies
google "all inclusive Deed of Trust" fantastic CA document we used all the way back in the early 80s If I'm not mistaken though a wrap would require the 2nd buyer to also agree to financing terms; which would be the same as me (the 1st buyer).
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27 January 2025 | 14 replies
It also allows you to manage paperwork and document communications with Tenants.
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11 January 2025 | 8 replies
Unless there is a history of STRs in the property already and you have experience with STR, you really wouldn't be able to supplement your income with that.
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11 January 2025 | 9 replies
Children won't have a credit/criminal history, rent records, etc.My application fee is non-refundable.