Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment. 

So, you if you are not waiting that period you are likely looking at a non secondary market program likely why you are being offered 15 year instead of 30.We do have a non-seasoning at all 30 year product but we do not lend in MS unfortunately. 

Getting into business with family only ends in one of two ways, and its often times not positive.

According to passive activity loss rules, every business is obligated to adhere to specific criteria, especially when it comes to short-term rentals.

Which will bring plenty of other investors and general business to the area.

There are 6 key areas of having your own real estate business that I recommend reviewing periodically to ensure you are on the path to growth and sustainability.

I’ll reach out to some hard money lenders and definitely look into the FHA 203k Another option that I was recommended by my hard money lender today- was to open a business credit card for smaller loan amounts.

I'm looking for a new lender for this HELOC product and I see this as the only solution if I'm going to keep my low-rate, first position mortgage intact.

The products offered will always vary and part of being a broker is knowing the borrower's scenarios and our lenders to know where the pieces fit best. 

Hey Justin, im kinda new to the business also and im from NJ but i been doing alot of research on title companies and attorneys.