Mary Jay
Couple with delinquencies or a guy with out of country employment
Hi guys,
I need your advice please. I am trying to rent out one of my rentals and it is $500 per month , 1b/1bath house.
I have a couple of tenants who I run a credit report on and here is what Ive found:
1) A Mil...
David Zafrani
Is it possible to use employment rsus/options to fund rei...
..without paying capital gains via something similar to a 1031 exchange?I think I could do this for an opportunity zone, but for this case the property I want to purchase is not located in one.
James Eilerts
Best way to deduct vehicle for self employment, need advice. Pls
Hello,Here is my dilemma. In 2015 I became self employed (Not real estate....yet). I purchased a vehicle specifically for my business, financed it, then after a month or two I paid the loan off completely. So for 2015...
Chris McDaniel
How to verify income and job history for self employed tenant?
Ok, so I have this potential tenant who seems at first glance to have strong financials but he is self employed. He didn’t seem to have anything to hide, but when I asked for proof of income, he showed me a bank state...
Mac McAtee
Self Employment Tax On Rental Property Income-HELP 1 Day Left
I have a two member LLC that owns a small apartment building. We file Forms1065 and 8825. Don't file Sch. E, it isn't necessary when you file 8825.
The income from rent shows up on Line 17, Form 1040.
Since the i...
Emerald Sie-Duke
An Employer that does not provide pay stubs (but writes checks)!
Hi,I am currently screening tenants (mother & daughter) for a 4bdr/3.5bath home. One of the prospects explained to me that she does not receive pay stubs and is paid by a hand written check and cashes it. When I ...
Jonathan Watson
Best way to increase wealth (as a self-employed business owner)
Part One:I'm a 50% owner in a solid design/website/software business. We've been in business for 16 years and are on target to have our best year ever in 2016. I love my job and the people I work with.Since I love wha...
Margaret Feit
Is Mortgage Interest Income in Partnership Subject to Self-Employment Tax?
I have a Partnership that is primarily in the business of buy and hold rentals and also has some funds invested in multifamily syndications. Last year I sold a property and used the funds to purchase a set of 3 land l...
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...