NOTE: Attempting to earn interest off an underlying mortgage presents more problems in APR disclosures, accounting, tax reporting and can cross the line in mortgage brokerage operations than you think.

Cross-collateralized assets, using existing equity without having to refinance, creating a secondary stream of financing unrelated to the subject transaction financed, for example, borrowing or selling a partial interest in a promissory note to finance a down payment.  

My fee is based on unit count and accessibly along with other factors such as, do you want roof reports?

Nothing ever crossed my mind except getting dirty, fixing it, and moving on.

Fingers crossed!

A couple months ago, I had to give him a reference for a lender that would count only that portion of a HELOC that has been tapped--not the whole amount approved--against DTI for a new loan.  

I gave them copies of the current leases on this property and I believe they did take those into account for qualifying purposes, but if you are a new investor/landlord they may not count the rental income.

I currently have one for 3 of my properties, not counting my traditional, owner occupied, first house.

I am hoping to find a lender of any kind who will work with me so i will not have to wait another 1-2 years to count the income from my new job and from my rental.

Just haven't had to cross this bridge before.