Daniel Godbout
MN Property Manager Requirements
Hi, what would be the requirements if I wanted to have my father (non-owner) manage a property (SFR) for me in MN? Real estate license, background check, other? I went through the tenant/landlord handbook a little whi...
Mitch Foster
W2 to Self Employment: Creative Financing Options
Hey Bigger Pockets, back in April I switched from a W2 job I had for 5 years to self employment. I've talked to about 30 lenders and get the typical response of "you need 2 years of verifiable self employment income"....
Mike Taliaferro
New investor from Topeka, KS
Hello BP,My name is Mike and I am a new real estate investor in the Topeka, KS area. I am currently working full-time as software developer. I have been involved in the field for 21 years now and am looking for a ch...
Freeman Schultz
Questions about rental applications
Along with a credit report, I have read that other documents for a rental application should be included. I was wondering what are the ones that are needed with every application? I have heard from one investor that y...
Phillip Henderson
Solo 401k questions for the newbie investor
I am new to the real estate game. I have only recently started saving money to begin investing into real estate. I am currently working at a w2 job and also putting money into the 401k offered at work. I recently purc...
Joel Cruz
FHA loan advice - Did I just loose an opportunity?
Hello BP Family,
I am new to whole real estate investing arena, and just recently decided I wanted to take this seriously.
So I decided that the best way for me to start would be to house hack my way into owning my ...
Joel DeLuca
New from Dallas.
Hello Everyone,
I wanted to introduce myself to the community. I am a Supervisor for a chemical Manufacturer in Dallas. I have just recently found this site but I love reading the forums and I am learning so much. ...
Brian V.
When does buy, rent, and then sell trigger self employment taxes?
It is my understanding that if I buy a property and rent it out, that I do not owe self employment taxes. Now lets say that in 1 year, I sell the house and buy another one (or two) and rent it out for a year. The inco...
Account Closed
1099-R vs W-2 for Lenders
It is my understanding that financial institutions prefer to borrow to those with a W-2 showing solid income. I am about to retire from the military and will be receiving a 1099-R for my pension (I will also be self e...
Tanim J B.
How to review smartmove income suggestions
Howdy, a newbie question.
was trying to verify 3x income requirement. Got application using smartmove where it says income as xx but paystubs show different? Should we consider pay stubs as source of truth?
Also app...