For additional free reports and free previews of our Pro version, sign up for a free account now!

Looking to pick your brain on this:As a rehabber, What are some good suggestions or ways to to secure a loan when you are self employed and don't have the 9-5 gig with salary?  

I want to make sure the tenants get their deposits back in addition to a sum to leave the property in 30 days.

The additional amount could be due to the lack of payments, legal fees, a possible refinance, and/or home equity loan.

The 401k loan option is also available only if it's a 401k with a current employer.

I've employed the BRRRR method a couple times and I am now working on my 6th property.

In addition, if you can buy a property under market, or with an opportunity to add value (even if it's just paint and landscaping), you then have the ability to give your investing a boost when you either raise the rents because you have a higher class property and/or pull out some equity to invest in another property.  

I have experience in processing loans in addition to buying and selling residential properties.

Kathleen R.My employers allow their commercial tenants originate the payments from their bank to the landlord's bank account; we do not set-up the transaction so I have no software to recommend.I do not ask for estoppel letters in our residential investments.  

Additionally, should property manager withheld rental income for tax?