David Hess
Cash out refinance lending question
I have got some conflicting information about whether we can do a cash out refinance in our situation and am seeking clarification.Here are the details.Our primary residence is in San Jose, Santa Clara County were the...
Brady Boyer
Rental Application Documents Required
What documents do you require prospective tenants to submit when filling out a rental application? I'm planning on requiring photo ID, most recent W2 and 1040, 3 most recent pay stubs.Does anyone require bank statements?
Tracey Hamilton
questions on conventional financing qualification
I have a few questions about qualifying as an individual for an owner occupied sfh with conventional financing. these will be specific to a newly divorced woman applying for the first time on her own.
1) is w2 inco...
Matt Gillis
Starting early!
Hey guys!
I'm new to this site and I recently just got extremely interested in real estate a few months ago. I'm a senior in college studying engineering. I have one more year though since it's a 5 year progr...
Erik Kubec
Rents --> my LLC for contract work, LLC $$ --> into Solo 401k
Hey Folks,Here is the strategy I am using. It seems pretty complex.My wife and I have rental properties.My LLC, taxed as a sole prop, has a 401k with another property in it.For the 3 rental properties my wife and I o...
Armand P.
Coverting my Roth IRA and or 401K to Self-Directed?
Hi BP,
I’m considering converting My Roth IRA and 401k retirement accounts to self-directed so I can invest in real estate. However, I’m still employed and read that I’ll need to open a IRA LLC in order to invest. Wo...
Juan Pablo Ceballos
401k loan for my down payment?
Hi everyone, I am going to use my 401k to pay for my down payment, I would like to know if this method is fine? Thanks.
Kwok Wong
Reject Prospective Tenants
Hello everyone, I am currently going through rental applications for a family. I wanted to reject them but they think it's inappropriate and trying to get my approval. Reason #1 that I want to reject, one of the appli...
Devin Janke
Putting in Two Weeks While Under Contract
Hello. I am wanting to purchase another property with a second home loan but shortly after getting the property I would like to quit my W2 to pursue real estate full time. Lets say I get under contract, closing is May...
Kat Rathell
Eployment verification third parties
We recently started running into more employers using the Worknumber or Truework or other employment verification services. Our rentals are in the inner city of Milwaukee, WI, so our renters are low income. The servic...