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Buying & Selling Real Estate
Account Closed
  • Wholesaler
  • Miami, FL
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problem with getting a loan? help

Account Closed
  • Wholesaler
  • Miami, FL
Posted May 4 2010, 08:28

I contacted an agent and told him about my taxes and how my reported income for the last two years is only like 12k and 15k. The problem is being a server we do not claim all our tips and I have a great credit score, but he said with this economy that won't matter. I have a good amount saved up and I am looking to invest in rental properties, but is their any way to get a loan? I have money saved up but don't want to invest it all on one property. Do you have any suggestions? Thanks

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied May 4 2010, 07:09

Refile your taxes and report your true income.

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