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17 July 2019 | 1 reply
They will need income statements, employers information, and tax paperwork etc.
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19 July 2019 | 10 replies
When you pay rent you received to your parents it will be considered their self employment and subject to 15.3% self employment tax before it is taxed as income and the income tax is calculated.
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22 July 2019 | 23 replies
I would like more specifics about the 3-5 key factors one should focus on (ie population trends, area employers, crime, legal/landlord friendliness) AND what are good values for those factors.
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18 July 2019 | 3 replies
Student loans accompanied by tuition reimbursement from my employer.
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18 July 2019 | 4 replies
Can anyone recommend or guide me to a bank or banks with a good track record lending to Self-employed investors buying properties?
17 July 2019 | 4 replies
You have to provide credit reports, income proof, employment proof, tax returns, etc just like any other loan.Subject To doesn't do any of that.
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18 July 2019 | 4 replies
Im interested in a 4-plex which i will owner occupy 1 unit and rent out the other 3 . i will also manage it.The 3 units will pay for the entire mortgage and expenses.I can prove that i have enough money saved to be able to pay the mortgage for a year even if i didnt have any tenants.BUT I have no experience managing a property.I am currently not employed, recently quit to peruse real estate.And i cant prove 2 year at same job.All i got is last 2 years of W-2 at two totally different jobs and incomes.Credit is in low 700's but never had a mortgage.Can i get a loan?
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18 July 2019 | 1 reply
The problem is with so much new construction close to town, it your competition is within 15 minute drive of any employer.
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18 July 2019 | 5 replies
As lance mentioned you'll want to compare the option of being 1099- the trade off is you pay self employment tax, have to manage your own business per say, file a Sch C on your taxes...but you get to deduct all applicable expenses.
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28 January 2021 | 23 replies
The numbers still do work without.The emails and calls have been picking up as the end of the month approaches. 1st and 2nd week had a big issue with people not showing up to view. 3rd week I started confirming appointments and that helped a lot. 95% of the people interested have had fairly low credit with collections or not employed or temporarily employed for the last month or so, etc. 3% have had no credit and are just "starting out".