-I am looking at hopefully purchasing my first owner occupied multifamily this year and was looking at using FHA financing but I have to wait until the end of July, because my bankruptcy (had a business go under) will be at the 2 year discharge mark.

Therefore, this child support is taxable income and is considered a common CIVIL debt dischargeable in bankruptcy.

They simply freeze the credit in a negative state until the plan is discharged from completion ( usually 3 years or so).

The most common situations when cancellation of debt income is not taxable involve: * Bankruptcy: Debts discharged through bankruptcy are not considered taxable income

All previous issues would have been discharged, and it would be starting fresh?

I've have a couple of rough years (car accident in which I lost my memory, and also young the air force but being medically discharged).

If you are looking for niche markets and like doing research, you should look into probate, evictions, BK discharges, and divorce filings.

Non-QM Lending will have a bunch of options as soon as your bankruptcy is discharged.

Last year I declared bankruptcy(due to a bad loan and lemon of a home) which is now discharged so the home is in foreclosure.

I walked away with a lot of money and was sitting on over half a million dollars and figured, why not get rid of the debt that bankruptcy can never discharge.