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Updated over 2 years ago on . Most recent reply

User Stats

14
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3
Votes
Cory Kerr
  • Rental Property Investor
  • Chicago, IL
3
Votes |
14
Posts

Obtain Financing While after being out on Workers Comp

Cory Kerr
  • Rental Property Investor
  • Chicago, IL
Posted

Hey BP I hope all is well. Im just now returning to work after sustaining an injury, being out, and being paid through Workers Comp for 2 years. I've been trying to obtain an HELOC on both of my investment properties(one I occupy) but I'm being told Workers Comp isn't considered taxable income, which basically means I was unemployed for 2 years. Is there a way of getting around this or any ideas? Thanks

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