Collin Lee Johnson
Allocating additional funds so as to appear below income limits
Alright guys so here's a hypothetical (and it is an actual hypothetical right now as I haven't gotten a raise yet); let's say that someone is currently making below the income limits for a housing program and will be ...
Neil Copeland
Solo 401k Opening Questions
A couple of questions that may lead to others, so here goes. I have a single member LLC that owns rental property, and all of the rental income and rental expenses flow through that LLC. At tax time, that profit/los...
Dejan Davidovic
How to best use funds in a 401K?
I understand that there is a way to roll over funds from a 401K into a IRA; self directed I think.Has anyone done that? I hate to see all that money there and not being able to fully use all of it as a line of credit ...
Josh Garcia
Real Estate Investor
Hey BiggerPockees community. I’m brand new here, but I’ve been listening to the podcast for a few months!! I have one real estate investment property under my belt, which I recently sold.
Purchased it in 2019 and did...
Syed Hussain
Would you lease to a foreigner relocating to the US for work?
A couple from the Caribbean is moving to Washington DC for work and is interested in our rental property. Husband works for a multinational healthcare solutions company and provided an Employment letter (employed sinc...
LaQuan Bates
Will Banks take into account a Part-Time Job on application?
Hello BP Family, I plan to get a Pre-Approval soon to better understand the price range and types of properties I should be looking at for my first House Hack. I recently moved to the DMV from the Midwest(Go Bears!) a...
Jake E.
Motivated Newbie from Tampa Bay Florida Area | BRRRR & Long Terms
Hello BP!I'm Jake, a newbie in regards to real estate, but ready to pursue my goal of financial independence. Having been self-employed over the past 5 years, I realize it takes dedication and hard work to achieve res...
Ryan Deasy
Designating yourself as a real estate professional
If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
Lindsey Vargas
At what point in screening do you ask for pay stubs/bank statmnts
I have 3 applicants I would be happy to choose from and so far just have their application with background/credit check and employment, etc.Do I accept one applicant and then ask for proof of income, or do I ask all 3...
Charlie Chew
Switching from salary to commission causing loan complications?
Hey guys,I recently spoke with a lender about getting prequalified for a loan, and explained to the gentleman that I'm about 4 months away from rolling over from a salary position to a purely commission based pay, and...