I have rental applicant who is self-employed. He works as a freelance blog writer. I am not sure in the stability of this career. Anyone has any thoughts? Thanks!
I was told that for mortgage lending two years of profitable self-employment is required even for portfolio loans per federal law. I thought that banks had more leeway with portfolio loans? Is this true or was sh...
Hey all!Im thinking of tapping into the equity on my first investment property. I’m not going to go over 80% ltv as I know that’s not allowed. But how easy is it to get a heloc on an investment property?Is it risky - ...
I moved to USA 18 months ago from Canada. I am about to buy a house as first time home buyer in Charlotte NC. DCU said it usually they need 2 years of w2’s and their underwriting team will know if they approve or reje...
Thank you, guys, in advance for your replies. My tenant moved in 3 weeks ago and before she moved in, she said that she has 2 children and herself. That is it. From the first night the guy, who helped her move in, s...
Thinking about listing my in-home apartment on airbnb and learned that airbnb income can be considered "active", not "passive" in the eyes of the IRS and results in the owner having to pay SE taxes on top of income ta...
Having issues being self employed and getting primary home financing. Have good credit and lots of cash to invest. Is it better to buy the home in cash then turn around and "cash out" and or heloc? Use that for invest...
My employer provides a match (up to 3%) when I contribute to their sponsored 401k. I don't like contributing because I know the return is not as good on the 401k as it is on my B&H properties. I'm contemplating di...
Hello all,
I have been looking into doing my first deal for the past three months, had couple of options lined up and was relying on cashing out equity from my primary residence that I own outright. The problem is I ...
Hi Guys,I'm planning to buy my first house soon, but before that I have decided to be employed at any management companies so that I see and learn how they handle the rental properties and tenants. Basically I want to...