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Hello BP family I have a vacancy for a rental and I am in the process of screening a tenant and he is self employed how can I get a proof of income from him if he doesn’t have pay stubs since he’s self employed?
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Hope everyone out there is doing well and crushing deals. Looking at the potential of doing a Long Distance BRRRR. One property as of now, either SF or SMF. Financing 80% of the purchase and all of the rehab costs thr...
I'm interested in hearing about your guys experience with working with investors and landing deals that are $5M+The reason I ask is because I feel no one really discusses how deals this big are done. Please share your...
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Hello, I have a 9 property deal however the agent will not present my offer without proof funds. What do I do?
I have read that if you assign an option or PSA, the orginal seller will know what you made as your assignment fee. That is why many people choose to double close when the assignment fee is high. Can someone explain h...
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Does anyone know a no or low income Home Equity Loan lender? Is there no such thing any more? I don't want to refi. as I only need 50K from my equity and don't want to give up the great rate I got 18 months ago. I...
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Hello,I am looking into a HomePath property where I would like to purchase it in cash using privately raised money. However in a conversation with a mortgage lender who claims they know the process, they mentioned th...
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Tenant applied with 1099-MISC (on his personal name), showing rather large income from a dominant online platform, yet is virtually non existent in web searches.
How can I verify authenticity and accuracy?
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First, let's define what this is:A capital call (aka cash call) is the process when the general partner(s) attempts to collect additional funds from their investors to supplement the financing for a real estate projec...
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Scenario: I have 3 properties managed by on property manager. I receive one 1099 for all properties at the end of the year. I am using a CPA to do my taxes. How should the tax return capture each property separate...