Chanté Owens
Self-Employed & Securing Mortgages
Hello BP Community!
I've been reading a lot here, and I know there are some people who are self-employed here; however, I am curious about how funding has worked for those who are self-employed with one or ...
Jachob Johnson
Loan ideas for self employed.
I’m looking for my first real estate property and have just started practicing running numbers in the calculators and analyzing deals. One issue I’m having is when I get to the loan sections I’m filling in just round ...
Deep Patel
Need Lending Advice for Refi
Hey all! As a REI amateur, I need some advice/insight into how to go about my father's lending situation. In essence, our primary residence has a cosigner on the loan we are trying to remove. The principal is $253k-i...
Nick Ponte
Head is spinning - S-Corp for taxes? or Just keep doing 1099 for myself?
Last few years have been making $250k as a Realtor. I fired my last accountant as he made some errors as well as gave poor advice. I hired a new CPA and he told me to create an LLC as my name, open business checking a...
Robert Smith
How To Screen Self Employed Tenants...?
I have a couple who have applied for one of my rental properties (3bed, 2bath sfh) through Cozy and claim they are self employed and make $80,000/mo each and they are willing to pay for an entire year worth of rent. T...
Lakshay G.
Collecting Rent on LLC Name or not
Hello there, I am new to buy and hold investing and closing my first property very soon. The house is on my name (not on LLC). My concern is that I don’t want a tenant to know my full name and my details that I actual...
Aram L.
BRRR.. and Refinancing when you're Self-Employed
I'm looking to own multiple properties. I have about $150k to start but want to apply the BRRR method. Only problem is I show as self employed on my tax returns What do you do to get over this hurdle?Like many people ...
Account Closed
Understanding Private Money Loans
Hey BP,My wife and I are self-employed and have a nice savings but because of our taxes (we expense A LOT of things) we're having trouble with conventional loans so we started looking at Private Money Lenders. We're l...
Tony P.
Creative financing help for self employed
I'm a 1099 contractor.I won't be able to show income untill I fill my 2020 returns. I'd like to purchase a property however I won't be able to get a loan until I file. Are there any strategies I could use with a sell...
Andy Kaye
Rental house for $2400/mo. Minimum income requirement?
Based on the 3x rule, should I be requiring their GROSS income to be $7200/mo? or their after-tax income should be $7200?