All Forum Posts by: Ben B.

@Kris Martinez and @Tanya S. thank you VERY much for the helpful recommendations! Anyone else have any good suggestions?

Good morning BP!

I am on the hunt for a mortgage broker that can look at things with a little more creativity than my current, primary residence mortgage broker. Specifically, I am trying to find a product that will allow me to count my rental income based on signed leases instead of 2 years of tax returns. I've only had the property for a few months but the record is spotless.

Do you guys have any advice on where to find an "investor-grade" mortgage broker? I live in San Antonio, Tx but do not care where they are located as long as they can get a loan funded in my area. A phone or skype relationship would be fine. 

Any recommendations or referrals greatly appreciated. Thanks everyone! 

Hi BP,

I'm new but have been following along for awhile now. We currently have a few rental units and have long range goals to continue expanding. On a couple of the podcasts, I have heard guests saying that they strategically forego some of the available writeoffs to take advantage of the income on their tax returns for future borrowing purposes. 

We can probably still get a few more conventional mortgages, so will the bank determine the rental unit incomes based on the tax returns after our expenses? If so, I think we may be in a place to consider this as the current rental income would be pretty significant to us. The second DTI ratio looks like it will be my primary hurdle for all future conventional financing unless the rental income starts meaningfully contributing to our regular W2 income. All thoughts appreciated on strategy considerations here.

Additionally, I am looking for a good real estate- minded accountant that is familiar with the rules in Texas. I am in San Antonio but would not mind a video-conference type relationship with a strong communicator that can help advise and file our tax returns. 

Thanks to all for your help and good luck out there.

Ben