Hello BP,Thanks in advance for taking time to answer. I'd like to know how a spouse is considered in getting a conventional mortgage for rental. For example, wife and husband bought a primary house in year 1. but only...

Hello everyone!I would like to take an equity line out on my rental house to fund a down payment on another property.  I still have a balance on the first loan, but there is a ton of equity in the house.  My only inco...

If you open a side business to start a SD 401k. Are you allowed to contribute gross or net income towards your 17,500 contribution?

I started one this year and only earned about 10,000. I have around 5000 ...

I'm wondering how income from a seller-financed property would be treated for conforming mortgage qualification for a new property purchase?  Would that be treated like rental income is or would it be treated as inves...

Hi EveryoneI am trying to maximize self employed tax deductions while only deducting expenses that can be later be rolled back into my income by lenders. I know it is a balancing act for self employed people. So far I...

Hello all, 
My wife and I were so close to buying our first duplex to begin our portfolio. However, we backed out of said deal because we found out we would only qualify for a certain amount of money on a second loan...

2 questions for wholesalers.  What are your top prequalification questions to identify a motivated seller.And what tips,tricks, format do you follow when running appointments?  

I recently had an offer accepted on a residential house for my family and I and as a first-time home buyer, I had a question regarding the mortgage process.  We put in offers on a lot of houses, in which case our mort...

Hi BP,I have only one property and now am trying to rent out. I do not have any business entity. In this case, am I qualified to apply for SBA disaster loan as a sole proprietorship? And the investment property is wit...

I am self employed and my past 2 years tax income is average 25K and wanted to invest in 4 unit which cost around 700K. I talk to mortgage broker and he says ;you can typically borrow 4 X’s the annual income you repor...