Corey Reyment
Cost Segregation Study on a 16 unit and 401K To Reduce Tax
We are in negotiations on a 16 unit. Purchase price will be somewhere around $600K. We primarily wholesale and should end up somewhere around $400K this year of income from our wholesaling business. We met with our ac...
Jasper Cooper
How do you hire your kids?
Hello,After hearing about it on Tom Wheelwright's podcast, I want to hire my daughter to help out with our real estate business. She is a mature 7 years old, and would do great at cleaning the hallways and common are...
Nicole Brodie
Looking For Help on Establishing a Business Type - LLC or Corp?
Hi BP community! I'm someone who is starting out in Real Estate Investing this year and looking to this awesome group of knowledgeable people for some advice on what type of entity to establish - an LLC or corporation...
Rich Hupper
Applying for loans having no luck
I have been an independent contractor for 7 years. each year i write of most of my income. i never realized until recently this severly limits what a lender can give you. should create an llc or some other identity an...
Uri E.
Income verification (1099)
Tenant applied with 1099-MISC (on his personal name), showing rather large income from a dominant online platform, yet is virtually non existent in web searches.
How can I verify authenticity and accuracy?
Noel Fleming Jones
Credit line leverage
I recently inherited a house worth about 100K; I'll have it rented soon.I'm self employed with good credit but a low net income.Would HMLs be likely to give me a line of credit on the property up to about 75K for doin...
Jalen Ping
Tips for Getting Pre-Approved
Hi Everyone- I'm currently a college student and I'm wanting to get started in real-estate. I'm looking to buy a duplex near the college I attend and house hack by getting a FHA loan. I'm looking for duplexes around $...
Beatrice Borges
No luck so far with non-recourse loan, need advice re options
A couple months ago I moved 76k from a traditional IRA to a SDIRA. I now have a pending contract on a brick 2-flat in Chicago ($138k), but am having trouble getting a non-recourse loan. I was rejected by one because t...
Joe P.
Rental Expense Numbers for Central PA (Harrisburg area)
I've been running numbers on rental properties in the Harrisburg area in preparation for buying my first property next year. I am curious to know what folks in the area are using for maintenance and capex numbers. I...
Collin Emerson Miller
Lender not factoring startup income because biz not 2 yrs old?!
I am looking to buy a property with a co-borrower and the main lender that we are working with is only counting my co-borrower's income and not mine for a reason that I don't see valid. I am going to be looking for o...