All Forum Posts by: Giovanni Martinez

Context: I am currently house hacking a duplex, renting out the second unit for 1k /month while living in the other.

How would I report rental income that I receive through Zelle?

I will hire a notary to help with doing my taxes, but I still want to have a rough idea on how this is done for landlords.

And I assume having a longer record of income from a rental property will help securing a second home loan down the line?

Thanks guys

Good evening everyone!

I am 25 years old, paying rent in South Texas (apartment).

I've been making 5200/month(net) through full time work for the past year, but have the opportunity to make ~8000/month(net) through contract work in my field.

The contract work is traveling(different states in the U.S) with living expenses covered and per diem. Contract lengths vary from 3 months to a year depending on the job/location.

I am considering taking on the contract work to greatly increase my income and my savings, which would primarily go to my future investments.

However, I am thinking it might be though to secure a mortgage with my income coming from contract work.

How hard could it be to secure a mortgage loan on a residential multifamily property if I choose to do contract work?

I appreciate all feedback, thank you!!