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Updated over 5 years ago on . Most recent reply

User Stats

46
Posts
2
Votes
Eli Rods
  • Long Island City, NY
2
Votes |
46
Posts

Does a K1 loss negatively affect my personal mortgage

Eli Rods
  • Long Island City, NY
Posted

I am a GP investor in a syndication and received my K1 for the syndication for last year amounting to -$150k. I have recently applied for a primary home mortgage and the lender’s having a hard time overlooking this negative amount. Can someone offer some advice as to whether this is a legitimate concern and how to articulately explain this to my potential lender to overlook this?

  • Eli Rods
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