Ryan M.
DTI and self employment - Adjusted or Gross?
Hey y'all, I'm a newbie and I'm working on financing my first deal at the moment. I shopped rates and am working with a lender but I've hit a few snags. I am self employed and make plenty of money to cover 40% DTI but...
Jason Pabon
FHA Requirements--Stable Income or Stable Employment?
Hey everyone,What is more important to a lender when applying for FHA loan--having a stable 2 year employment or stable income? I've been in one industry but have been bouncing around every year ...any input would be ...
Edgar Macias
Calling employer and fair we landlords California
Hello,I have a potential tenant for a unit that I have. It’s my first time screening someone. My question is: Does anyone know if it’s against the law to call The potential tenants employer and former landlords. She i...
Carlos Mesa
1099 "self employed" - Trouble for conventional mortgage?
Hi, This will be my first post so excuse any crude explanations or terms. I'm in the process of starting my real estate investing career and I am looking to begin with a multi-family home (triplex or quadruplex) solel...
Holly Prokop
Do you verify employment when renewing lease?
Hello - just wondering if anyone verifies employment / income when renewing a lease?
Kevin Richard
Self employed, several business... Low reported income.
I found an amazing deal (if anyone is paying attention, the cash deal ppl screwed up and I'm signing a buyer/seller agreement tomorrow!)It's $172k as-is for a house that needs int/ext paint and 3/4 of the roofreshingl...
Aundre Oldacre
Self Employed trying to get a HELOC
Hi all-I'm a self-employed media professional that switched to a full-time real estate investor over the past year. I use the BRRRR strategy and did a full gut renovation last year on a 3 family in Yonkers, NY. I spe...
Maximilian Benjamin
Self employment tax with property in LLC
Sorry for the long post but I thought this was an interesting email conversation...
...which ensued when I began discussing with my CPA about future expansion and what I ultimately want to do with regards to real est...
Jim Bell
employee going to buy business from employer
Hey Guys,I know this is a real estate forum, but you guys are smart, so I wanted to pick your brains for some input here.I've been at my company for 9 years now and my employer is going to retire in 5 years. He wants ...
Jayme Carlson
Financing property now that I'm self-employed
I quit my job in December to go out on my own as a handyman. I'm not taking out any loans to start my business as I saved up enough to start. I've got verifiable income from the last several years but there's no way t...