
8 July 2024 | 4 replies
For reference, I am self-employed (I run my own online clothing business, i am 1099-k) and I've always been told that it'll be hard for me to get a conventional mortgage when you're self employed, so I am specifically asking about other types of loan options.

8 July 2024 | 8 replies
.- Document everything: Keep detailed records of expenses, work completed, and agreements.- Consider liability protection: Look into forming an LLC or other business entity.Starting with cash is a smart move to minimize risk and learn the process.

10 July 2024 | 15 replies
You also can’t use any estimates from people not in your market who invest in the same type of property.

7 July 2024 | 0 replies
That said, here’s another I underwrote…With this deal, the borrower had a comprehensive line up of documentation regarding the deal.

10 July 2024 | 0 replies
(And where I wish I was typing this from).

9 July 2024 | 9 replies
If you feel the need to verify the income exists, I guess bank statements could be requested in addition, BUT depending on the type of self employment payments aren't always regular.

7 July 2024 | 11 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

7 July 2024 | 6 replies
The letter states the following:FULL RECONVEYANCEWHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust dated XX/XX/20XX, and recorded on XX/XX/20XX as Instrument or Document No.

9 July 2024 | 27 replies
This is ingrained in us because the NAR Code of Ethics prohibits us from soliciting business from another realtor's clients, but there's also a certain protocol and level of professional courtesy involved, and listing agents expect to hear from the buyer's agent if the buyer is represented.I've also had instances where a seller inadvertently sent documents directly to the other agent before I reviewed them, and it ended up costing them time and money.
8 July 2024 | 9 replies
What made you interested in investing in this type of deal?