Updated about 7 years ago on . Most recent reply
Lending after big Growth Year
I’m having trouble getting approved for my next loan. I have 9 single family rentals, plus my primary residence, and I have solid W2 income. The trouble is my 2017 tax return shows a loss due to it being a big growth year for me where I acquired 7 properties, and I put a lot of cash into getting them rent ready. Since 2017, I’ve gotten the properties consistently cash flowing, and I’m ready to invest in my next one. Due to my 2017 return showing a loss, I’ve had two lenders decline me for a loan. My credit is excellent. Any recommendations on getting my next deal financed with these conditions?