All Forum Posts by: Kenny Chen

@Jeff Keller Thanks Jeff. I will look into my state of NJ.

I'm new to fix and flip houses and I'm looking for a good GC that can help me along the way. With that been say, I have been searching GC and I see that every GC is licensed and insured but some of them are not bonded. Is there a risk hire them? 

@ Daniel Odess Thanks for the advise! It's also funny lol. I am planning telling her the truth in the first place. Thanks alot!!! :)

I wasn't going to anyway, just want to know if I would get in trouble if I do. Thanks everyone advises! 

John Burtle

John Burtle

John Burtle

John Burtle

John Burtle

Can you lie to lending officer regarding existing seller financing loan that I had and not telling them to applying for mortgage pre-approval. Four years ago, I bought a mix-used building using seller finance and I have only one year left of mortgage to pay off. Recently, I want to buy a multi-family and so I went to bank apply for mortgage pre-approval. Yesterday, she told me that the underwriter is wondering what happened to the home I used to own that I have mortgage interest on my tax return, but she didn't see a mortgage on my credit report. Do I have to tell her the truth? I'm afraid that she might denied my application because of the mortgage loans I have to pay compared how little income I earn.