All Forum Posts by: Joel Montoya

Hi there! I’m a contractor with a couple single family homes for rent. It’s getting very pricy in my area so I’ve also been looking into investing in mobile homes. There’s a lot of content on YouTube. Someone there advised to buy 1976 or higher. I think this was to ensure your buyer can qualify for a loan. Good luck!

Got it Ned 👍🏼 Thank you for the clarification. 

Thank you Benjamin for taking the time to answer this question! 

Hi all, I have a question I can’t find an answer to.

Would it help me get pre approved for a new owner occupied mortgage if I omit rental property expenses in my tax return? ($13,000)

My family and I would like to move but with the high interest rates and home prices, I’m feel like I should maximize our chances of getting pre approved. 

I remember hearing somewhere that the IRS doesn’t care if people choose to pay more in taxes. They just don’t want people hiding income to lower their tax burden.

 I’m ok omitting the expenses and paying more in taxes if it increases my chances of getting pre approved. 

Thoughts on this would be appreciated!

I’ll be there! Thanks for posting!

Same here. Who has someone used in CA?

I came on here to see of someone had answered. Wondering this too.

Thanks! I'm thinking about renting to section 8. Thanks for the info!