What if I don’t have a on papers Income for Loan

[Josh Chavez]

So basically I’ve acquired a couple properties from a foreclosure auction and I wanted to take out a HELOC on one of them , Will the banks give me a problem Obtaining the line even tho I have no on the papers job ?

[Chris Mason]

Originally posted by @Josh Chavez:

So basically I’ve acquired a couple properties from a foreclosure auction and I wanted to take out a HELOC on one of them , Will the banks give me a problem Obtaining the line even tho I have no on the papers job ?

 Yes, you will have a problem. Time to start declaring your income and paying taxes no it.