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21 June 2021 | 38 replies
In that case, your rent is considered active income, subject to all taxes at your ordinary rate including self employment tax I believe.
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27 August 2021 | 4 replies
This part can vary by lender...banks and more strict lenders might require 1-2 years of receipt at the new job, while some lenders who underwrite directly to the agency guidelines (like us) only might need to see 1-2 paychecks to show that stability.If your new job will be 1099, then that's a whole other story, you will become self-employed and will need to file 2 years tax returns before you can qualify, and your qualifying income will be your net taxable income (after deductions).
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22 September 2021 | 97 replies
Plus the government and some employers may step up to help.
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25 October 2021 | 14 replies
That will likely be higher due to needing to pave with aggregate to keep mud/dust down.On the power, it may be just as cost effective to connect to the grid and much more reliable for the tenants.
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27 October 2021 | 7 replies
NO DTI, Employment, or Tax returns and we generally offer borrowers higher LTV across the board.
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25 April 2022 | 5 replies
My son had an employer make an ssn error and they actually took 2 years to fix so we assume on some databases he will come up for those years to have a history under his name and wrong ssn.
14 December 2022 | 4 replies
Any advice will always be greatly appreciated by those whose footsteps have paved the way for rookies like myself!
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17 January 2015 | 6 replies
Their rent payment is our PAY CHECK, and they wouldn't like it if their employer told them they couldn't them today because their car broke down or there was a funeral, and neither do I like it when a tenant tells me their sob story.So if you treat this as a business, document everything you do, it won't prevent an eviction, but it sure will cut down the amount of times you need to file and actually do an eviction!
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1 March 2015 | 3 replies
@Thomas Hopkins ,To me, it would be helpful if all the tenants were pre-qualified (aka, your company could check and present their credit score, employment etc.) so landlords wouldn't have to waste time on unqualified tenants.