Yes, to count rental income on a mortgage application you need 2 years of tax returns with the income on there.

I had a bunch of VHS tapes and there were different episodes for drywall, plumbing, electrical, etc.You can also check out some free classes at Home Depot.

This transaction will be done through an LLC vehicle and not personal so does this have change the application of the GLBA in this scenario?

@Brian Gibbons Would you mind giving any remarks with these posts, it just dumps all kinds of irrelevant information on members putting them in a position of attempting to see what your point might be and what in the heck is applicable on this site to investors.

I believe I made sure all my information was correct on the application so hopefully no hang ups.

This makes it a challenge as there is no income verification possible.I am going to ask for tax returns last few years to see previous income levels.But without income, applicant says she has enough funds saved up.I am on the fence on this one.I haven't check anything yet, I will - if I decide to not reject her based on no verifiable income - then there is no point checking the rest.What would you accept as an alternative to income?

This is a good to know point that the underwriters would be looking at the ads for rentals. although linking that to your application is unexpected.

If an objection was filed, record a certified copy of an order, entered after a hearing held on the objection, allowing abandonment and the portion of the bankruptcy docket showing that the time for appeal expired without the filing of an appeal.Then,an order must be entered and recorded in Case No.05-2008-CA-065058 vacating the certificate of title and foreclosure sale, in the case.Then:The proper completion of a mortgage foreclosure action under Case No.05-2012-CA-046681, Brevard County, in compliance with statutory and due process requirements and the expiration of the applicable appeals period and resulting in the certificate of title being issued to WILMNGTON TRUST N.

Be very careful, some of these people sell 25k courses and teach very little applicable and practical real estate investing tips.

That is from the federal side and is applicable to all loans, consumer, commercial, private, institutional, any note.Next, you get involved with a borrower using that money, controlling business or influencing operational decisions you are stepping outside the lending arena and taking on new liabilities that can place your funds at risk if there is any failure.Another comment, any fee paid that is required to be paid to obtain any loan is a cost that must be accounted for in settlements, there are a number of underlying laws depending on the type of loan but all loans and associated costs will be an issue under the tax code.There are thousands of attorneys out there I'm sure that do RE and think they know financing laws and regulations, they may have done them for years, doesn't mean they really know and most will never admit not knowing.Every bank I've seen had an attorney, all have legal advice and as I mentioned, there won't be a bank or any other lender around, that really makes loans that won't have some compliance issue.