I am hitting a wall with Portfolio Lenders in Massachusetts. Although their loans are in-house they follow the Fannie Mae guidelines and the one I can not overcome presently is ... 2 years of self employed income h...

I'm on the cusp of retiring from military service, and I'm contemplating moving my Thrift Savings Plan (TSP) to a Solo 401 (k) after retirement.  The goal will be to use the Solo 401 (k) to buy Turnkey Rental Properti...

Hey everyone, I’m trying to find out what I need to get started with my first investment property. I am intending on house hacking. I have a decent credit score & money saved for down payment & closing costs (...

Greetings BP family,I recently passed my SAFE Act exam and am ready to begin building my book of business as a mortgage loan officer / originator in Virginia!My question for experienced MLO's out there is, what are so...

I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be re...

I'm working on getting pre-approved. I talked to a lender and they said I needed two years of income verification. I told them I've been with my current employer for 9 months and they said they wouldn't be able to app...

I househacked a home for the last two years, and it is now a rental. I am selling it with seller financing because I recently transitioned to self employed and not able to get a HELOC for it since I've been self emplo...

Hi BP community!My husband and I are trying to pull together our first buy and hold rental property in Utah County. We are having a really hard time getting a conventional mortgage though because we are self employed ...

I am an wholesaler who recently had a double close. i would like to know the following?
-Are my proceeds subject to capital gains tax?
-If so, What portion of my proceeds will be subject to the capital gains tax?
...

Hey BP,Looking at starting an LLC to manage future investment properties.  Anyone have experience operating an LLC and not having to pay self-employment taxes?  Here's my understanding of the IRS code on this question...