The goal is to see if my wife can qualify for a conventional loan.1) My wife works from home (salon in the basement) but only makes about 10k per year.2) Our corporation has income from our rental properties that - before depreciation - was roughly 48k last year.My question is whether any of that corporation income could be used to help qualify my wife for a conventional loan.Her credit is excellent and we have more than enough in accounts to qualify for the reserve requirement.

“If the note in question looks more like a corporate bond, debenture, or other instrument the value of which rises and falls with the success of the issuer’s business, has a term of several years, and is easily traded, then that presumption will not be rebutted, because the note will not bear a strong resemblance to any of the notes listed in Reves for the basic reason that such a note is easily characterized as an investment, and thus asecurity.”I didn't go back and read through the whole thread to see what the original purpose of the note was, but 4 years seems to be the cutoff line in some of the cases.

For example, if someone gets hurt on a property owned by the LLC but I had to use my personal credit to secure financing for the property, does this allow them a way to "pierce the corporate veil" and go after me personally?

, depending on whether you are selling as an individual/estate/trust, or corporate entity...as long as you meet ALL the other criteria to be either exempt or in compliance.

;) Our corporate office is here but we have satellite offices across the country.

They told me that if a claim is every paid out the check will be made out to both me and the LLC and both of "us" will have to sign the check.They also told me they could put the property owned by the LLC under an umbrella policy since my personal name is listed as the primary insured.Is there any problem in terms of the corporate veil protection in doing things this way?

I offered them POFs, EM deposit check, my corporate documents and they all turned me down.

My wife & I had separate single policies through our respective Corporations

I heard many saying that we should buy the property using a corporation, and not our own names.

Also consider contacting the corporate office of KW.