Jason Maestas
Help! Denied a Cash Out Refi Using Capital Gains Income.
Hi BP,I am trying to do a cash out refi on a single family property which I purchased cash and renovated. My primary source of income is capital gains income through flipping. I was told by a lender that I cannot use ...
Manikia Liburd
Corporation or LLC?
Hi everyone! Now that I've decided on a business name do I apply for a corporation or an LLC? Are they one in the same? I've done some research, but I still don't really have a grasp on this. Any assistance would be g...
Ragnar Lothbrok
Screening tenants with good credit and income
I messed up. First rental and first tenants, I screened for 3X income to monthly rent, above 600 credit score, passed criminal history, no evictions, landlord references, proof of income etc. etc.The only issue is, TH...
Kevin Siedlecki
Turbo Tax for Investors?
Does anyone with multiple LLCs and multiple properties in each use TurboTax?I have two LLCs with multiple properties in each, and I am pretty confident in my ability to enter the data myself after doing it with an acc...
Mark Douglas
Too much Real Estate? What Else is There?
I'm just getting started in REI (one duplex, but planning on picking up more units soon!) and recently I was talking to a gentleman who is 49, who's been investing in RE since he was 20. We were talking about risk-to...
James Morehead
New Member Saying Hi from New Mexico!
Hey everyone,Thanks for letting become part of your forum family. I am 34 years old and happily married with three young boys, 6, 8, and 11. We reside about 20 minutes south of Albuquerque in the Village of Los Lunas....
Brett Carter
Self Directed 401K transition
I've recently become aware off the self directed 401k. I have a 401k from a previous job which I can no longer contribute to. Having these funds, or a portion of them available to use for real estate investment appear...
Brooklyn Hunt
What is my buying power?
Hi, I am a very new investor, so please excuse my lack of proper terminology if it occurs. I am a young 20yr old hopefully soon to be investor. I am currently working at a brokerage firm. Mine and my SO’s annual incom...
Jason D.
Section 8 income requirements
I have a new rental that will be in service in a couple weeks, and ready for renters. I am going to try my hand at accepting section 8 tenants, which will be a new experience for me. In my other rentals, my income req...
Alexander Johnosn
All of my money for down payment is locked away in 401k
Dilemma: I have $14k in a 401k that I want to use as Down Payment towards a house (This would be a investment property to rent out). Iv'e done the math, and I don't want to until until 63 to withdraw. I can get more ...