Bank statements only tell you HALF the income story with a self employed person.

Quote from @Whitney McNair: What are your best lead generation techniques for fix and flip?  

Hey BP Community,I’m curious to know what tools and strategies everyone is using for lead generation these days.

Looking for some guidance here - Pensacola FL is a growing city and being local, I struggle with finding multi family homes that will generate enough income.

Although self-directed IRAs aren’t subject to the employer plan catch-up mandate, rollover flows and personal retirement tax planning around catch-ups depend on how employer plans handle the transition.Source(s):IRS Treasury final regulations on SECURE 2.0 catch-up provisions.

I had the same problem with self-employed applicants specifically.

@Craig J Hinton Those who are most successful with single family homes typically generate their most meaningful returns at exit through appreciation, not ongoing cash flow. 

For that reason, some investors choose to secure their next primary residence first before continuing to expand their rental portfolio.From the tax side, rental income is generally reported on Schedule E, which allows depreciation and avoids self-employment tax.

It is also an easier time to qualify if you are self-employed/full-time investor. 

Background: 20-year veteran mechanic and business owner. I transitioned from the shop floor to business ownership in 2014, launching a successful small engine sales and service company.Transitioning Professional with ...