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Updated over 3 years ago on . Most recent reply

User Stats

706
Posts
171
Votes
Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
171
Votes |
706
Posts

Showing Loss on Tax Return. Will bank still lend me money?

Joshua D.
  • Rental Property Investor
  • Pittsburgh, PA
Posted

So my commercial banker wanted to see my tax return before lending me anymore money. So were going to show around a 100K loss with all the renovations and everything with are business which we sink everything right back into. But we have 4 properties we have not leveraged yet. The 4 are worth around $655,000 all together.  So we usually get 85% of appraisal values. Whats the best route to keep my business buying and renovating and renting properties?

  • Joshua D.
  • Most Popular Reply

    User Stats

    44
    Posts
    9
    Votes
    Jake Arnold
    • Rental Property Investor
    • Scranton, PA
    9
    Votes |
    44
    Posts
    Jake Arnold
    • Rental Property Investor
    • Scranton, PA
    Replied

    @Joshua D. Two years later this post helped me. Thanks for asking! 

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