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Results (42)
N/A N/A Do I have to report this to the IRS?????
17 May 2006 | 2 replies

Hello,

Do I have to report my bird dog fees that I collect to the IRS?

Thanks

Tommy Benson Question for veteran wholesalers
3 September 2014 | 7 replies

How does taxes work for wholesale income? Specifically is it considered capital gains even though you get an assignment fee?

Daniel Mendez Landlords, how do you verify self-employed income?
9 July 2024 | 9 replies

I have a tenant wanting to lease my unit. However, they are self-employed.What is the best way to verify income for someone that is self-employed?

Jonathan Farber To show rental profits on taxes or not?
4 November 2018 | 11 replies

Do most landlords show losses on their rentals?  Reason asking I am looking for another loan, and while the rental losses I showed in 2017 are minor, they are hurting my lending ability.  Granted, it was nice to recei...

Julius Dixon How do you verify income on a property (rent rolls, leases?)
6 February 2020 | 12 replies

Hey guys,I'm reading a REI book and it is talking about verifying the income on a property before making a purchase. This seems obvious but how this is done more specifically and what prevents a seller from inflating ...

Kuba F. 1099 MISC deadlines are accelerated this year
25 January 2017 | 5 replies

I'm sure you've squared away your 1099-MISC forms already and sent them out to whomever needs to receive them, but in case you like to wait to the last minute, be aware that for 2016 they may need to be filed as soon ...

Nick Koukidis Self-employed and financing
19 December 2019 | 5 replies

Hello all,I am a self employed contractor in CT. I have been running the family business for 16 of its 35 year history. It amazes me that if i wanted to go to a bank and ask for a loan for a piece of hard equipment th...

Jack B. Buyer wants to pay me cash for part of the transaction
26 February 2018 | 6 replies

So an East Indian couple who are techies are interested in making an offer on my house but were curious to see if I would be willing to accept part of the payment in cash. For example: If the house is $1,000,000 they ...

Jonathan Golon Unclaimed Income -- Mortgage Approval?
4 March 2012 | 5 replies

Hey guys,
I'm a 21 year old waiter and my fiance and I are looking to get approved for a mortgage because the market is fantastic and we could afford it. She's got a job that pays 27800 a year and I make about 2...

Nick Acquilano Finding financing problem
21 October 2021 | 12 replies

Like to reach out and get some opinions. I have two multi family cash flowing rentals in Syracuse NY. I have always had trouble getting financed due to my job. I bartend and don’t show much income. I do however make g...