I understand that after I pass a required exam I'll be able to apply at a brokerage but where does it go from there?

If you have a sex offender apply you screen and assuming they qualify in all other aspects then why would you not accept them.For those wishing to throw their emotions and personal moral outrage and righteous indignation onto the table try to keep in mind this is nothing more than a business decision.

Will you be applying for an EIN?

My question today is this: can I use this information on my personal financial statement and report it as income when applying for a mortgage?

In this case, there would still be tenants, but I want to make sure that is in there for using this spreadsheet for deals that will apply.

Where I am worried about is having a high minimum monthly payment after I, lets say, purchase a $100,000 SFH all cash.Let me give some more data:Draw period = 5 years; where at the end I can either re-apply to extend the credit, or enter repayment period of 15 yearsInterest (as of today) = 5.75%Min monthly charge factor = 1.0748% of unpaid balanceSo with the example of $100,000 SFH purchase, at month #1 my payment would be $1,074.80.

Does anyone know if it makes a differance to apply for one or the other when buying my first property?

Some lenders will not allow you to apply for a personal HELOC if you don’t occupy it but they may alllw a business HELOC.

And does the same apply to a 12 yr?

., LOC are better than refi's if it applies to you come time..BBVA bank has an un unusual good loan going on for first time.. there might be rehab loan built into it.. so as for getting rehab money, there isa rehab loan out there...or can use extra rent for fixing things upgrades..