Account Closed
Broker requesting 401k statement for a mortgage loan.
I applied for a mortgage loan through a local broker that was referred by my realtor and was instantly Pre-approved because I have pretty good credit. I now have to provide the routine documents (W-2s, pay stubs, ta...
Jason Cox
Applicant statements that set off subtle warning signals
I thought this might be an interesting topic. I'm talking about during pre-screening before you have run an application. Something that may not be a DQ but sets off your bad gut feeling (rightly or wrongly). I'm not r...
Brent Fisher
Can you help me build my mission statement?
My wife and I have begun to build our business plan after reading UBG-BP and the e-myth REI. I've read quite a few fellow mission statements from the BP community. We're building the business mission statement. Her...
Alec Hilliard
Personal Refinance Help! 1099 Income NO BANK STATEMENTS!
Hey guys, I'm in a predicament. Here's the story:We bought a house to fix n flip in August 2020 with a HML. We fell in love with the property/location, etc. We want to purchase it for ourselves.Lenders said we could d...
Don Konipol
5 craziest reasons for not providing financial statements
In keeping with the humorous element of the lending profession, here are the 5 craziest reasons given to us for not being able to provide financial statements when requesting a loan5. My accountant only works during ...
Arty Fresh
is this financial statement layout acceptable to banks
what do you guys think of rich dads financial statement ? this one --> https://www.richdad.com/MediaL...
I was thinking of hiring a bookkeeper for $5-10 month to do all this for me and I can just send them my emai...
Christof Gardet
Lease statements pre-made or get one made?
Hey all, I am about to close on my first rental property(Richmond VA). I was wondering, what are opinions on the lease. Should I get a lawyer to come up with a lease agreement or should I use a pre-made one. If I shou...
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
When you write up your profit and loss statement, how do you break down the mortgage? Is the interest, taxes and interest the only loss? I'm assuming principal is not written in the loss category even though it goes a...
Cameron Lee Brown
How personal should my personal financial statement be?
When working with lenders, it is often required that you provide a personal financial statement including gross income, expenses, net worth, etc. For personal use, these should be as detailed as possible so that you c...
Marc Izquierdo
What number is taxed on a financial statement?
I was starting to build, edit, and run a few deals through a spreadsheet I developed. Below is an example of the financial statement portion of the spreadsheet. I was wondering which number the IRS uses to determine...