Randall Magee
Successfully Self Employed-Switch to 100% Real Estate
First let me thank you for any advice. I’m a 43 year old business owner. I’ve owned my business for 14years. My business has been lucrative where both myself and my wife and 4 young kids have great comfort. I curr...
Leigh Ann Smith
Get separate federal employer ID for nested entities?
We have a federal employer ID (FEIN) for our original business. Then we formed a single-member LLC, so now we have the LLC doing business as (DBA) the original business. I would like to get a separate federal emplo...
Wesley Weber
Self employed borrower with low after deduction income
I'm in the Tampa, FL area. Looking to get into real estate by doing an Owner occupied property while I rehab for 6-12 months and then rent it out. The problem I am facing is that my wife and I have been self employed ...
Daniel Mendez
Landlords, how do you verify self-employed income?
I have a tenant wanting to lease my unit. However, they are self-employed.What is the best way to verify income for someone that is self-employed?
Dustin Sanders
HELOC for Self Employed (No W-2 Income)
Hey All,I’m interested in understanding what my HELOC options to potentially buy more real estate or to use for business purposes. I just recently got laid off from my job about a week ago though I am actively intervi...
Jackie Badiali
Do I need an Employer Identifcation Number EIN?
We formed an LLC for our real estate investment business. We heard you can get discounts as a business but you need an EIN#. Does anyone know the ins/outs of an EIN# and do we need to have employees in order to get one?
Mike Adams
Verification of income from employer on restaurant workers
What's the best way you guys have utilized income from tenants who are applying for one of your apartments where the couple are both restaurant workers as well as work at the same place? I called today and someone sa...
Tate Donivan
Employment to help fund deals and gain experience
Hi BP, I'm Tate. I'm currently a junior in college and am looking for a different part time job that I can hopefully carry out through college and into the beginning of my career. I would want it to help me gain exper...
Timothy Joost
FHA Loan - Less than 2 years employment history
Background: I & the wife are looking to buy a MF 4 unit property priced at $250k via an FHA loan. One of the requirements for the loan is that we have a 2 year continuous employment.
I have a 1 year gap in income...
Account Closed
Self Employed Owner Occupied Financing for House Hack
Hi all - My husband and I moved to Denver in October. We got a steal of a deal on a condo and fixed it up. We used private money to finance the deal (it was only $77,000) with the intention of changing over to a conve...