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10 March 2024 | 5 replies
Then we take time to review proof of income documents, picture ID, check landlord references, etc.
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10 March 2024 | 5 replies
I would suggest a few things: 1. don't make repetitive log entries every day " managed rental, did calls" copied and pasted 50 times likely would be thrown out in an audit for example. 2. make sure you are materially participating in your rental activities. 750 hours is not enough, you need to pass the second test of material participation in the rental activities to turn that activity from passive to active and claim the deductions on your active income.
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9 March 2024 | 2 replies
Finding creative ways to earn side income.
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9 March 2024 | 5 replies
Non-QM loans are designed to accommodate borrowers with non-traditional income sources or those who may not meet the typical requirements of conventional mortgages.Here are some steps you can take to find a lender who might be a good fit for your needs:Mortgage BrokersLocal Banks and Credit UnionsReal Estate Investment GroupsOnline Mortgage PlatformsProfessional NetworkReal Estate Networking EventsWhen communicating with potential lenders, be transparent about your self-employed status, income, and financial situation.
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9 March 2024 | 4 replies
Most of the time it is qualified by income, typically you need to make 80% or less of the area median income of where you currently live.
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11 March 2024 | 19 replies
So i guess what i was trying to say was its the highest median income as well as the safest ZIPCODE in that county?
9 March 2024 | 17 replies
When they go under agreement they have to get site approval from corporate and have to get permits from the city and county and do not want to close on a property until then.
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11 March 2024 | 22 replies
I am a high income professional blessed with a schedule which allows for significant time off I'd rather spend with my family and hopefully investing rather than selling real estate for the commission (I'd rather work extra at my job).
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11 March 2024 | 16 replies
I haven't been able to renovate the property like I had wanted (and thus charge higher rent) but it is income producing and we have a good relationship.
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9 March 2024 | 89 replies
How would you use that to replace your income of $7,000 a month from your job?