What is the best way to qualify for a mortgage with 1099 income? How can you make it look like W2 income to banks?
Hi BP family,I have been wondering; if I have a house and I get refinance with a bank at 80%, can I then sell the house to someone else with seller financing? In my head the refinance is just a loan with property as ...
I read somewhere that one method to find deals is to skip trace and call properties under contract by other wholesalers, that did not close 30 days later. A list of "failed contracts"If anyone has done this, is this "...
For Example:
Purchase a $50,000 home spend $20,000 in rehab. Sell for $100,000
That results in a net gain of $30,000 of taxable income.
Would I be able to perform a 1031 exchange and buy a $30,000 rental home fre...
Hello,Although this forum discusses success stories of investing, I bet there are some with a bad side to it. That's way I seek advice to this issue. My mother and stepfather have a rental building. When the court gav...
I have a question about trying to plan out a marketing strategie that works for me. I have a full time job in the car business and I am planning to do a direct mail campain but I want to not mail out too much based on...
In terms of the widening gap between US and Canadian house prices since 2006, this seems to be a strange economic phenomenon. It is almost as if the US prices are artificially suppressed as both markets appear to have...
I don't know why all the car-related threads end up in Investor Psychology. Let's assume it has to do with how people motivate themselves. :-)The "what kind of car do you drive" thread is great, but I have a hard t...
Hey guys,I got a house under contract with a wholesaler. Here are the numbers on the house:1500 sq ft3/2/2Needs foundation work, but really in pretty good shape. Cosmetic work needed.Here's the issue I'm having. Th...
Can you guys tell me how to not fall for rental scams (e.g. renting with intent of renting to others; renting on behalf of the owner; etc.; etc.)? How do you verify the owner of the apartment/building? Do you always v...