Cameron Marmon
Am I asking too much? 2 yrs tax returns & 2 mths bank statements
So I am using an agent to find a tenant for my property. I get an application and my agent says he is a nice normal guy.I get the application and it is MOSTLY complete and states he makes almost 18x the monthly rent I...
Aram V.
Self Employed - Less than 2 yrs
Hello! I'm in the middle of my 2nd year of Self-Employment and it's been a challenge to get a Cash-Out Refi without 2 yrs of Tax Returns. I claimed losses on my first year 2017, unaware of how unattractive I'd be fo...
Stella Guan
Non QM Loan for Newly Self Employed
Hi, I'm newly self-employed (~6 months) after resigning my W2 job and starting a business. Been trying to purchase a single family home in California as primary residence. Due to Covid, most non-QM programs have dried...
Teresa Oss
Mortgage help for self employed
Does anyone know any mortgage companies that work with self-employed less than 2 years. Recently self employed last year and a half. We have 3 rental properties and are in a lease to own for personal residence that wi...
Account Closed
Is it ok to ask a potential tenant for 1 or 2 yrs tax returns to verify income?
About to screen a tenant for a rental. In addition to asking for their credit report, employment & rental history and contacts, can I also ask them for 1 or 2 years tax returns to verify income?
Brian Garrett
Why do investors choose LLC's over S-Corp's?
I always see discussions where investors ask about creating an LLC for their business.How come people never discuss S-Corps? Are they not common in the World of REI?I currently own several S-Corps in other industries...
Paul B.
Start a business just so I can have a Solo 401(k)?
I searched through the existing discussions as best I could to make sure I wasn't asking a common question...and I just didn't see it. I believe have learned the ins and outs of a Solo 401k. The reason I want to have ...
John Underwood
Loss of business mileage deduction for those with W-2 income
My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this. I don't have W2 income, so I am good but I'm sure there ar...
Russell Roberts
qualifying for a solo 401K?
I have a group 401K plan at my W-2 employer. I have an unexpected opportunity to transfer funds out of 401K plan while I'm still employed. Yeah! I'd like to transfer funds to a self directed retirement plan and in...
Jesse Richards
S- Corporations for rental property
Hi Guys,
I am new to this group. I have a couple rental properties and I was advised by my cpa to retitle them in my S-corp. He also wants my to have my rent paid to the S-Corp and start paying all of the bills for...