Richard Z.
How to reduce self employment tax for flipping project with partners?
It’s been a while didn’t come and post here.:-) hope everyone has a wonderful 2013!
I did a project in 2012 with other two partners (one active on passive no salary for both). By the end of the project I took a small...
Jill H.
Need feedback Low Doc HELOC for Self-Employed Georgia? Thank you!
Hello BP community, this is my 3 or 4th post so I new to this.I have a rental property I owe with no notes attached, I owe free and clear. I would like to pull out some of the equity. I have been self employed since ...
April Molina
Anyone know a community bank in Philly ok with self employment?
BP Fam, Anyone know of a small bank in Philly who considers folks who are self employed? I am looking to refi a property and most bigger banks won't even look at my application for consideration.Any help will be great...
Chris Mason
PSA: Self employed generally now require ONE year of tax returns.
I'd say that over 60% of the time, the "automated underwriting system" (AUS) only calls for one year of tax returns for self employed persons. Not the two years you read about on google search results from 2+ years ag...
Tavon Joseph
40k saved up good credit minimum debit need loanbut not employed
$40k saved up for starter rentalHey I’ve been saving up aggressively to get into rental investments I’m currently in college using gi bill and I will be for sometime .I wanted to use the va loan to get a house because...
Account Closed
advice onfinding a loan w/ one year's tax returns, self-employed?
My spouse and I want to find a loan for our first home purchase. We are self-employed and 2016 was our first year of business (so we have no returns from 2015). I have been told that Freddie Mac loans can be approve...
Aaron Laster
Are The Properties That We Flip Subject to Self-Employment Taxes?
Disclaimer: I am not a tax professional, and you should talk to yours about the tax strategies that would work best for your situation.Flipping properties has been one of the most popular ways to profit from real est...
Ellie Narie
Can self-employed without two years of income qualify for FHA?
Let's say the individual just graduated from professional school, and started their own practice/business. They are a contractor and receive a 1099 form. Do they have to wait two years before being able to qualify for...
Amie D.
Do you consider applicant's self-employment income if business is new?
A young married couple wants to rent a single family home I own in a low- to middle- income neighborhood. They check decently (good references from present/past landlord, no criminal history/bad debts/delinquent accou...
Andrey Y.
Would you contribute to a 401k or TSP without employer matching?
This question is for military and non-military. I have recently started a traditional 401k with a small chunk of my W-2 income contributing. I am active duty military, so there won't be an employer match. I (most like...