Sue Chen
Does a holding company need to have Foreign Qualification ?
Does a LLC that acts as a holding company needs to have Foreign Qualification to be owner of LLC in different state?
Tony Rodriguez
1099 S primary residency qualification taxable gain deduction CPA
Hello, I have a 1099 S taxable gain deduction question.Background:I own two homes free and clear, I’ve owned property A for 12 years and property B for 3 years. When I purchased property B I moved in it to rehab it fo...
Samantha Kuhl
Use income from a business to determine loan qualification
I think I remember David talking about something like this in one of the podcast episodes- what exactly do I need to be asking for at the bank for them use the income generated from a business to determine if we quali...
Jose Gonzalez
Can you check qualification of loan without lowering score?
Hello BP,I have been working on my credit for a while now and finally got a good score. I want to see where I stand when talking about qualifying for a loan. I inquired at a local bank and also quicken loans and they ...
David Martin
Schedule C or Adjusted Gross Income for Mortgage Qualification?
For conventional mortgage financing for us that are self employed and also use a Schedule C, do lenders consider your AGI as well or are they more/only concerned with the numbers on your Schedule C?Thanks!
Greg Lindor
Do I need special qualifications to offer Property Management
Hey BP!I'm a new investor and about to have my first property under my belt. It's actually my current residence that we'll be renting out after we move out in a couple weeks here. We plan to manage the property oursel...
Mandy Liu
Prospective Rental with no rental history, my qualification list
Hi - I showed my SFH to several prospective buyer yesterday. Neither has submitted the rental application yet. I sent them the link to apply via cozy. I told them once their application is accepted, we will proceed wi...
Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
William Carr
Hard Money Loan without 2-3 past project qualification?
I have read about fix and flip hard money loans and how to qualify for them but I am not understanding what you do when you have zero past experience and how you get those 2-3 under your belt so you can get approved ...
Kari Piecuch
Will my spouses rental properties affect my mort qualification?
My spouse has two mortgages (soon to be 3 after this BRRR). I have zero mortgages. Title for two properties are in his name only. Title for the BRRR will be in both our names. We file taxes jointly.If I apply for a co...