James Park
Can a business owner contribute to both the SEP and Solo401K 2016
Question for the SEP and Solo 401K experts. Suppose a Solo Financial Advisor pays himself a W2 of $50k in 2016 and has a Net Profit of $60,000 for his SCorp in 2016. What is the maximum amount the Solo FA can tax def...
Chris Svendsen
Applicant with Criminal Record
I have a 4 plex I am working to fill and have an applicant with a criminal history. The applicant has good credit, money to pay rent with no issues, a good job, and good reference from last landlord. Issue is was con...
Reagen Natho
Former Employer No Longer in Business to Verify Employment
My husband and I are currently in the process of buying a cabin in Sevierville, TN and are in the employment verification stage of the mortgage approval process. One of his employers has gone out of business and we ar...
Steve Littlewood
Self employed looking for advice on loan
any advise, I'm self employed, I'm in a pickle,I purchased a lake house and I remodeled it,its worth 350, I owe 165 on it and I'm having trouble getting a loan for it,my credit is 740, my other house is worth 625 and...
Morgan Porter
Verify Income for Self Employed Applicant
I recently received an application from someone who is self-employed. They are claiming significant income but I have no company to call other than the applicant herself. Should I request a tax return, bank statement,...
Sawyer Nyquist
Background Check/Credit Score for Non-US Citizen
Need some help here.Just showed a property to prospective tenant who just moved here from Western Europe. She seems very interested and will probably apply. Problem is, I don't think anything will come up on her backg...
Brady Boyer
Rental Application Documents Required
What documents do you require prospective tenants to submit when filling out a rental application? I'm planning on requiring photo ID, most recent W2 and 1040, 3 most recent pay stubs.Does anyone require bank statements?
Andrew Blanks
Seeking Advice - Conventional Financing for Self Employed
I spoke with my lender last week and he told me that as of I believe June 4th or so, Fannie edited their guidelines and it is basically impossible for a self employed (no W2) person to get conventional financing right...
Suzette Murray
Partner on Title to Manage Rental Property
Question: Can a partner, using their own personal funds, who is on title as tenants in common with a partner that used SDIRA money to fund a rental property, manage and maintain the property for a fee? (Partner is lic...
Nathan Brock
Nathan Brock - Aspiring Investor
Good morning!
Nathan Brock over in Bend/Redmond, Oregon.
I'm new here and have yet to start investing, but I am very interested and learning a lot.
I am most interested in the passive income concept and escaping th...