Hello everybody,I have a simple question that matters a lot to me. When you apply for an FHA loan, what do the lenders look at? Your Gross monthly income (your total income before tax and expenses), or your gross adju...

Hello BP'ers,

Long time BP stalker, first time poster. A while back I read a forum thread named something like, "I have $40,000 and don't know where to start" that caught my interest because I am in a similar...

I just got out of chapter 13, Made all my payments in full to satisfy the courts. Now I am wanting to purchase our first primary home so we can quit paying rent.  I have gotten so many conflicting answers on whether o...

I don’t see a clear answer to this on the forums.  I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.”  What does this mean?  How do you make sure that you ...

I am currently trying to learn the basics of real estate investing. For a start, I'm about to read Brandon Turner's "How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started". Up next in my readi...

Ok, so I have this potential tenant who seems at first glance to have strong financials but he is self employed. He didn’t seem to have anything to hide, but when I asked for proof of income, he showed me a bank state...

Hey, I'm just getting into the wholesaling business and I plan on creating a LLC to work my deals under. I have a meeting w/ a real estate attorney tomorrow and was wondering if anybody had any specific questions I s...

Hi there,I am currently self-employed almost 8 mos now which presents some problems in qualifying for a mortgage loan. I have the down payment. I have a property manager who has managed my other home for 5 years now. ...

After researching different retirement accounts, I've decided that a self directed solo 401k plan is a good fit for me. I have self employment income and no w2 employees. When I search for how to start an account, I g...

My apologies, I just learned about Self directed or solo 401K to purchase real estate. Does anyone have experience with these types of 401K’s? Pros/Cons? I appreciate the input.