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Inquiry Regarding FHA Loan Eligibility and Income Requirements for House Hacking
Hello!I’m a full-time student with a current credit score of 666 and an active work/study job earning $12 per hourCan I qualify for an FHA loan for house hacking with a credit score of 666 and a part-time work/study j...
Devon Cornwall
Looking for Canadian CPA for confirmation
I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?Essentially, I am working with a group of 3 o...
Steven Burrows
Solo 401k
Looking to open a solo 401k under my current Home Improvement business which is a LLC. Need checkbook control and ability to take loans. Any recommendations from those that currently have the same.
Aaron Junck
L/O question
What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it?...
Jake Tucker
Loan Approval odds?
Airbnb Jumbo Loan!?I’m looking at a $900k Airbnb property that will have around a 58% ROI.I have enough for 10% down, only problem is I just got out of school and my income for 2020 is about $0 (invested all my earnin...
Devante S.
How do I file personal and LLC taxes as a first-timer?
Hi everyone, maybe a rookie question here, but I had a W2 for a good portion of 2023 and also had a self-employed business for the other half. How exactly do you file taxes when you have a 9-5 but also generate income...
Brian Orr
Tax question for flips - non 1031
Hey all,I figured out I can't 1031 the flip I did this year... but... I bought/sold it with my LLC and I'm looking to close on another residential property before year end under the same company with the funds. Does a...
Steven Stark
BP Members . . . Please help me decide where to call home!
Dear BP Members, I recently found BP and am totally addicted to it! For the last couple of weeks I've spent at least a couple hours each day listening to BP podcasts and reading forum posts on the BP website. Listen...
David Buckley
Greeting fellow investors
Hello All,Kristen and I are building a portfolio of rental properties in Charleston, SC. We would encourage anyone in Chucktown and globally to reach out to us to network regarding real estate related topics. We make ...
Randy Dulac
Self directed IRA investing
I have a few IRAs. I have a Roth, traditional, and a self directed IRA that I hold precious metals in. I am thinking about transferring money from my traditional into a self directed IRA to buy and hold property. I...