I always wondered how lenders verify tax returns in Canada. In the Usa, lenders can make you fill up a form that will allow them to pull your tax returns themselves, but such practise doesn’t happen in Canada. Lenders...
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Hi All,
My wife and I are about to have our first child and she may not be going back to work. Simultaneously, we are about to start the search for our first home and either flip or rent after 2 years. We were going ...
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I'm looking to own multiple properties. I have about $150k to start but want to apply the BRRR method. Only problem is I show as self employed on my tax returns What do you do to get over this hurdle?Like many people ...
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If an employee told me he wanted to be a 1099 and have his wages sent to his church and they were going to take care of his needs, would the employee still have to pay takes on his wages?
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Hi all,So been flipping houses for the last 1.5 yrs and have learned a ton from this forum! Finally looking to house hack a duplex(currently renting) and have a property we like and ready to make an offer. My problem ...
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After years of studying real estate, reading books, listening to countless BP Podcasts and "running numbers" on everything I came across, I finally close on my first deal tomorrow! A quick background is that I am self...
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Hi, Newb here, trying to understand things. How do you research a new market/suburb/neighborhood? I understand that in general I should be looking for trends in employment, what sector is driving the market, where ...
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As I said in the wholesaling thread, I am going to start wholesaling properties but was curious as to whether it is recommended if I set up an LLC, I have read somewhere that if I don't then the IRS will consider me a...
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Hey all, I am a current college student, but will be graduating in May. I'll finally receive my diploma, but unfortunately that will also come with student debt. However, I do not want this to impede my real estate dr...
Hello everyone! This is my first post on BP, but I've been around the site learning as much as I can to prepare myself for a future in RE investing. Some quick info about me: I've also read a few of the BP books, and ...