Bank in Kansas City area... HELOC needed.
Hi,
I need a bank that knows how to deal with RE investors. I have a few rentals and all my income is from the rentals... but I have several deductions every year and end up with "paper losses". I tried all kinds of banks, big banks (Bank of America, Wells Fargo) small banks and credit unions, but as soon as my application is forwarded to the underwriters department my taxes cause the application to be denied. My credit is excellent 800+, monthly cash flow is good, no credit card debt, cash reserves.. only a couple of RE loans. Its a VERY frustrating situation. I would like to establish a HELOC on my home or rental property. Thanks.