QUESTION: What does the approval process look like when commission makes up about 15% of your income, and the rest is a base salary? I’ve read that when commission accounts for 25% or more of one’s total income, lende...
Hey BP, With the forum flooded with tax questions I thought I'd throw one more into the mix. I have a $15,000 K-1 loss from an LLC that my partner and I actively run due to a few BRRRs with limited rental income. At t...
Hello. I am a psychiatric nurse practitioner. I had a W2 job and quit in Jan 2020. I was preapproved for a mortgage up to 600k back in May last year based on that job offer. That preapproval has since expired.
I now...
I am new to the Tampa Bay area and was recently employed at NetWorth Realty of Tampa who specialize in distressed real estate. As my experience in the real estate/wholesaling business grows, I plan to begin building m...
Just curious what others out there are feeling as we approach April. We have had some tenants reach out to us about employment disruptions and the like, but we have had pretty much no slow down in new rental applicati...
We are ready to buy our first investment property however, we do not have any regular reportable income. Currently about one third of the year my husband worka a W-2 job everything else is usually under the table work...
I have a rental property I am purchasing and about to rehab. It's projected to cash flow for $3k and I would be asking for maybe a $500 note per month. Anyone in the BP community offer private lending based on cash fl...
So i've worked myself in to a bit of a hole. Or maybe not? Decided to take a year off and take on the role of daddy daycare. I left my W-2 employment behind and didn't secure a LOC or Cash Equity Refi in my properti...
Good morning I have two questions about FHA loans. It say you need 2 years of income does that mean the same job and will being on disability because of a back problem make me not eligible. Thank you from Devin
I bought a house for 170,000 with the intention of renting it. I now have someone interested in buying it if I owner finance. I can sell now for 200,000 to the buyer, who will put down 15 % as a down payment, and amor...