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Updated almost 6 years ago on . Most recent reply

User Stats

58
Posts
14
Votes
Kevin Cespedes
  • Rental Property Investor
  • Passaic, NJ
14
Votes |
58
Posts

Having trouble getting approved for a investment property

Kevin Cespedes
  • Rental Property Investor
  • Passaic, NJ
Posted

Ok guys i need some help. Im having trouble getting approved for a 4 family investment property Im currently house hacking my first property in which me and my girlfriend signed for the property. Now this second home is a 4 family investment only property in which i have to put 25% down "which i have" im currently employed and been at the same job for 5 years. Now i cant seem to get approved in though the rental income will pay the mortgage and have a pretty nice cash flow after! The biggest problem im having is that when i filed for my taxes this year my tax advisor didnt put the rental income from first property so its showing im on the hook for the whole mortgage im currently out of nj passaic county i know its a huge story but if anybody has ideas or tips that can help me thru this sticky situation it will be greatly appreciated.

  • Kevin Cespedes
  • Most Popular Reply

    User Stats

    256
    Posts
    188
    Votes
    Victor N.
    • Investor
    • Wellington, KS
    188
    Votes |
    256
    Posts
    Victor N.
    • Investor
    • Wellington, KS
    Replied
    Have your returns amended by a competent tax professional.

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