Bradley Sindt
Self Employed Lending Options For Buy and Hold Rehabs
Due to being self-employed for under 2 years (Real Estate Agent/Investor), lenders have turned me away due to this guideline and I'm looking for alternative routes. I have excellent credit and cash available for a sig...
Amy Konopka
Addbacks re: Lending for Self Employed/Investors/Biz Owners
I researched the forums and the last time this question was answered was two years ago and only by one person. I have a few other questions-1. I've heard interest, depreciation, even HOA dues are sometimes added back...
Victoria Bezden
Can i offset rental loss against self-employment income?
Hello, everyone.I started to fill out tax return this year and figured out that I cannot offset my $40000 self-employment income towards $20000 rental loss, and I still owe 15.3% self-employment tax which is almost 7 ...
Alyssa K.
What paperwork do you require for self employed applicant?
Have an applicant that looks good on paper, met them and like them a lot. Young family. He makes good money (hardscape), she’s a stay at home wife with a baby (she’s a permanent resident as of last month). They were ...
Don Pham
Recently Self-Employed: What income do lenders look at
Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...
Adam Gardner
Unstable employment history - any recourse on getting a loan?
Hi all,I'm a mid-20s guy looking to diversify into real estate. Right now I have about 125k invested in vanguard with about 80k of that liquid (taxable mutual funds), and about 10k in a plain checking account. I've be...
Luka Milicevic
Convert an employer sponsored 401k to self directed IRA
Just curious if anyone has any experience with this topic.I have an employer sponsored 401k. My employer matches my contributions up to a certain amount. I have a fixed choice of investments I can choose from. Is ther...
John Kondroik
Mortgage options for self employed less than 2 years
Good morning BP,
I won’t go into too much detail, but basically I’ve only been technically self employed for the last year and a half. And as you can guess most mortgage lenders that I have talked to say they can’t d...
Aayush S.
FHA Without 2 Years of Employment Through College Years
Hi BP,I've been getting into house hacking recently and am about to graduate from college. I'm wondering whether I can qualify for an FHA using my 2 years of college rather than the required 2 years of employment. I c...
Brian Ortiz
CPA will not draft "comfort letter" for self employment
Hi Guys,I am 72 hours away from closing on a home, and my mortgage company is demanding a "comfort letter" attesting to my self-employment. The CPA who filed my taxes won't touch this and they just rejected another CP...