Hello,
I will be spending a considerable amount of time in Philly in the years to come so I wanted to connect with the Philly community. I have reached out to a few of you but wanted to start a discussion to meet oth...

You don't always need 2 years on the job, rental income doesn't always need to be on 2 years of tax returns, you can use borrowed money for down payments if it's structured right, you can get a rate below 4% if your FICO is under 700, I could go on and on, the devil is in the details, not in the bullet point from Joe about how brain cancer is the sole source of knee pain in the United States (it was for Joe, it may, or may not be, for you).

Well, I'll quote FannieMae.com directly here:"Borrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts."

@Terry Lao you hit the nail on the head with your source examples.

@Michael EalyIf you are the owner, landlord, property manager, handyman, leasing agent, etc, then it would be hard to say it is a passive source of income.

@Wilson Lin what's the source of these numbers? 

@Josh LyonsThere are sensors that can turn the water off at the source.

Also ran across this data source specifically for TX which is *awesome* I think it pulls directly from the MLS:https://www.recenter.tamu.edu/data/housing-activity/#!

For a cash out refinance prior to 6 months, they are going to want you to source where the money came from - you are not using all your own money, so this could be a possible issue with lenders.

Zillow gets really confused when it comes to multifamily they just aren't a good source at all when it comes to that point.