Sajjad Abbasi
I'm self employed and can't verify income due to write offs
Hi. Can I get a HELOC for my two rental properties if I'm self employed and can't verify my income because of write offs. Both the properties are condos and I don't want to do cash out refinances because on one of the...
Lisa Moon
Is this the new "normal"? Incredibly onerous underwriting for a rental...
I was a mortgage loan officer and an escrow officer 20-odd years ago, before the landscape shifted. I know the drill about proper documentation, etc. But the process I"m in now seems just ridiculous.Hubby and I are ...
Peter Morgan
Self reported income from prospective tenant!
Hello,A prospective tenant self reported income in Zillow rental manager that's 3x times more than rent. Can I ask for past w_2s and paystubs including a copy of driver's license?Appreciate your inputs Thanks
Ben Taub
Credit Report unavailable on zillow application .
I’m using Zillow rental tool for a background check, my contractor who i know for a couple years now has referred me this guy who is his cousin, who is probably an illegal alien, he Looks like a nice guy but its not b...
Deep Ron
Liquor Store For Sale-
I've found a liquor store that I'm interested in attempting to buy.
Asking price is close to $400000 + inventory for business only and was told that its making close to $90000 sales Monthly .
I am a 1st time bu...
Jason Walkowicz
Is this typical for a transactional funder
I've been searching for transactional funders and I found one that seemed promising but they require the C buyer to provide a copy of their ss card and ID. That seemed kinda of odd to me. Has anyone else come across ...
Guevara M.
How To Verify Income
I have a 1 bedroom, 1 bath condo that I have listed for rent. Have a single male who is moving into town for a new job as an professor at a local community college but won't be receiving his first check till the follo...
Harsh Garg
7 condo deal - 10.8% Cap - is this deal good enough??
7 Condo - (5 - two BD Unit and 2 - one BD Unit)Purchase Price - $350kDown- 30%Loan- 245k100% OccupiedAnnual rent- $48,360Expenses Property Taxes: $248.00 Water: $120.00 Garbage: $10...
Melissa M.
Tenant Income Verification
Hello, we have a potential tenant who just moved here to be closer to family and started a new job this past Monday. She works for the state and her job transferred her here, but is in a different department. She re...
Sam Lofton
Verifying Income for Self Employed Applicants
Hi, I'm screening tenants for my next rental and have an applicant who is self employed. How would you recommend verifying his income? Are there extra stipulations you would include in the screening process if a po...