Matthew Sarro
How necessary is a history of personal financial statements for a lender?
Hey everyone. I am reading through the "Real Estate by the Numbers" book now, and am still in the beginning where it discusses personal financial statements.For the past two decades I have been using financial aggrega...
Jeremy Altdorfer
20 units multifamily owner can't show proof of income via bank statements
So there is a 20 unit building I'm attempting to buy, I made an offer of 1,500,000, 60 days inspection period and cash close, need to see 3 years of bank statements as proof of income. Owner came back at 1,550,000 wit...
Michelle G
anyone know where I can get a basic income statement for rental property
Hello again,
Does anyone know where I can get a basic income statement for a SFR I am trying to refinance and the bank has requested one.
Thanks for your help,
Michelle
Ryan Esslinger
Deal Analysis Statement of Net income and Cash flows What could be done?
I could not find how to upload excel sheet for this.... Please see attached PDF.Here is the deal as they currently have their financial situation. This house is a converted house to separate apts and the financials lo...
Eve W.
Besides keeping the receipt, do I need to keep the credit card statements?
I keep all the receipts for the business expenses. Do I also need to keep the credit card statement or check copies in case of IRS audit?
Nikhil Bedi
Where can I obtain rent rolls, income, and expense statements for rental properties?
Hi!I'm twenty years old and will be finishing my computer science degree. I've read a couple of finance books, taken an accounting class, and recently finished my first real estate book: The ABCs of Real Estate Invest...
Gabriel Ortega
Who has been your best experience with Non QM HELOC LONAS bank Statements
I been investing since 2017 and my rental income is 100% of my income. I have found that getting a heloc on my primary has been an issue when review w2s as my dti is over the requirements. This got me looking into 24 ...
Sherry T.
Do You Agree with this Statement from “The Book on Rental Property Investing”?
I read this last night from “The Book on Rental Property Investing” by Brandon Turner: Break even on cash flow or lose money on cash flow, and you are on a path to financial ruin.I’ll repeat myself one last time: Buy ...
Account Closed
When an REO asks for a Bank Statement and you don't have the funds?
As a wholesaler in Miami, I am making a few offers and they are asking me for a bank statement, before we used proof of funds from our transnational funding source. There are a few ways to do this but I want to know ...
Edward Romero
MHP refusing share more than one year income statements/rent roll before giving LOI
I am looking to buy a mobile home park and ran into an interesting situation. The disclosure of the property released 1 year rent roll and income statement but the expenses seem a bit low. I asked for 2 more years of ...