Thus not only will filing your 2019 tax returns not impact your interest rate, it also will not impact your buying power (as far as that particular source of income is concerned).

Real Estate Investing is truly about finding freedom in all capacities of life.  

The amount of mental freedom real estate investing created early on was remarkable.

I thought about getting a personal loan so I can have the cash in hand when I find the property bc all the good ones go pretty fast but this will limit my buying power and I'll be paying higher interest or sell my condo so I can qualify for a higher conventional loan and only have to come p with the 3-5% as supposed to 20%.  

I have complete power of attorney on his behalf so I can basically make any financial decisions for him.

“Make no mistake, this bill doesn’t do anything to change the power of local governments when it comes to dealing with good-neighbor policies that affect the neighborhood.Fischer said the measure was based on “common-sense” feedback from numerous “stakeholders.”The House plan is now headed to the floor for a vote.

. $800K is a lot of purchasing power should you decide to exchange up. 

It's a pretty powerful tool if you've got access to cash.

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No "DTI" (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No “DTI” (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.