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Updated over 6 years ago on . Most recent reply

Josh Chavez's profile image
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Josh Chavez
  • Rental Property Investor
  • from Rochester, NY
  • Member since Mar 24, 2018
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Josh Chavez's profile image
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Josh Chavez
  • Rental Property Investor
  • from Rochester, NY
  • Member since Mar 24, 2018
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Josh Chavez
  • Rental Property Investor
  • Rochester, NY
1
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12
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Private Lending & Conventional Mortgage Advice

What if I don’t have a on papers Income for Loan

Josh Chavez
  • Rental Property Investor
  • Rochester, NY
Posted
So basically I’ve acquired a couple properties from a foreclosure auction and I wanted to take out a HELOC on one of them , Will the banks give me a problem Obtaining the line even tho I have no on the papers job ?
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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Josh Chavez:
So basically I’ve acquired a couple properties from a foreclosure auction and I wanted to take out a HELOC on one of them , Will the banks give me a problem Obtaining the line even tho I have no on the papers job ?

 Yes, you will have a problem. Time to start declaring your income and paying taxes no it.

  • Chris Mason
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