For my people that rehab, this right here was “one of those types of projects”🤦🏽‍♂️ So many issues just getting this one to the finish line, and took a major loss in doing that smh.

I am trying to find free leads until I can afford to purchase a lead gen program and tried to look at my counties website, I found myself at a complete loss.

The loan officer is saying that because it’s from a business that I partially own, their underwriter will ask for financials from the business and take into account the profits and losses for the last two years.I argued that because I only own 20% (which is less than the amount to qualify for self-employed) the business financial should not be taken into account at all and my part-time income (which I’ve been receiving for over 2 years) should be considered without question.Can someone help clarify this situation?

I am currently a cook in a restaurant and have been in the food and beverage industry for the bulk of my knowledge and experience.

what are your out-of-pocket losses?

Monthly Operating Income Scenario A Number of Units 1 Average Monthly Rent per Unit 1,175.00 Total Rental Income 1,175.00 % Vacancy and Credit Losses 2.00% Total Vacancy Loss 23.50 Other Monthly Income (laundry, vending, parking, etc

The necessary elements are: an express or implied agreement; a common purpose that the group intends to carry out; shared profits and losses; and each member’s equal voice in controlling the project.

Not sure what the definition of "affordable" is...I checked USAA out first and they have an offsite company that they work with for rental insurance that gave me the following quote: ...By the way the cost of my cabin was just under 334K.American Modern Property (off of USAA) 334K Rebuild value500K Liability1000 deductibleAnnual Premium=$962/year or $81/monthI didn't get into all the specifics about what it does and doesn't cover, so more investigation would need to be done.I then contacted Proper Insurance Proper Insurance  335K rebuild value25K personal property50K loss of rental income1 million liability1000 deductibleAnnual Premium=3239/year or $270/monthI then spoke with a Brightway/Foremost Insurance, which had been referred to me and who is local there in the Area.

This total, and no more than that, becomes the minimum bid the auctioneer can accept when the property is offered for competitive bidding at the courthouse steps, sheriff sale, or whatever it’s called in your state.If the property does not make the minimum bid, it’s obviously not worth that, and the property goes to the lender – at a loss.

Usually free food and free drinks.