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Updated about 4 years ago on . Most recent reply

User Stats

34
Posts
11
Votes
Andrew Gomez
  • Rental Property Investor
11
Votes |
34
Posts

Audited Profit and Loss Needed ?

Andrew Gomez
  • Rental Property Investor
Posted

I am currently trying to finish my application for my first House Hack;

I currently own a trucking company in Texas. My current financial officer stated he needs an Audited profit and Loss for 2020 however that would take too much time on my end before i can buy the home i am looking into

Do ALL financiers require this? Is there any way i can get around this? I have my taxes for the previous years filed along with my past 3 months bank statements and my company is doing well.

Any help?

Most Popular Reply

User Stats

1,603
Posts
918
Votes
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
918
Votes |
1,603
Posts
Arlan Potter
  • Investor/Accountant/Builder
  • Meno, OK
Replied

@Andrew Gomez

Time and money. Audits can be really expensive. I have never needed one to obtain bank loans or investor financing.

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