All Forum Posts by: Robert Johnson

Another issue I have been dealing with is that I am recently divorced, and the banks will now only count my income but all of the debt on all 4 properties, even though the divorce decree gave her all of the liability for 1 of the properties and half of 2 of the others...I am being told that my debt to income ration is going to always include all four mortgages.

This portfolio based approval option sounds like what I have been trying to find, but no one seems to be able to do that. Ill check with some of these other local brokers

Hello all, Let me begin by saying that I am a licensed real estate agent with a temporarily inactive license (because of inactivity and cost) looking to find my way back into the real estate investment world. I currently own 4 properties, 3 of which are rentals, and one of which is my primary residence, which I plan to turn into a rental once I have the opportunity.

My issue comes with the fact that because I have taken advantage of the depreciation tax breaks each year, and made other legal moves to minimize my tax burden, I am now faced with the unfortunate situation where banks will not accept my income as high enough to qualify for any additional properties.

Since this is my first post, I am not asking for investors or anything along the lines of deal making, but I would like to know if there are resources available that can help me learn how to step into that world.

Perhaps someone here would be willing to give me some advice on how to begin this process from an investor side, and point me in the right direction.

Thank you,

Robert Johnson

Austin TX