So if that helps resolve the income issue, you then are still looking at minimum loan amounts of $75,000.00Also, its best to look at the tax returns and officially determine there is a debt ratio problem before going to these programs.

The offer was accepted but she was waiting on the paper work for it to be official to let me know.  

Last time I dealt with Lexington officials 2003 I found them reasonable as long as I did my research and knew the zoning and building codes.

I did some research on the official website about R5 zoning and didn't see anything that said I can't do it.

Relax, you're fine.As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (e.g.

If it's priced lower, it will get bigger interest, but you just don't know the quality until they officially apply.

@Stephanie Stevens You should have no liability on the gas bill since that runs with the person whose name it is in but with the water I would have to ask you if you officially got deeded the property or not? 

My guess is that business pays you and you then pay the principal and interest on your line of credit.LLC will cut the check to you and mark it against Interest Exp.This will look like this on your LLC's books:Debit Interest ExpenseCredit CashAs for everything, have a promissory note to make it official.

But now I will officially be official.

Hello, I am starting out to 'officially' attaining my first investment property in 2019.