Updated over 3 years ago on . Most recent reply
Financing Issues Trying to Get Second Investment Property
My wife and I closed on our first rental property in December and have had a tenant in place since the beginning of March. We went back to the bank we used for that property to try and finance a second rental and they said that our taxes wouldn't show a "Statement E" because of the timing so our rent wouldn't be offset by the income. Has anyone else had this issue? Is there something we can do or should I start looking at other options?