All Forum Posts by: Haixia Shi

Sorry for not being clear. My question is whether the income qualification guideline vary among conventional lenders and some may allow inclusion of future sale of stocks. If not, would it make sense to look for private hard money lenders who may have looser standards with income verification.

My own calculation based on the last 2 years tax return and the known scheduled stock units (guaranteed for the next 4 years) shows that my income is sufficient.

I'm having this problem when looking for financing to purchase a 2nd home as investment. This will not be a long-term buy-hold and I only need financing for 2-3 years before selling. The cash on hand is enough for 20~25% down payment and my expected monthly income will be more than enough to cover PITI.

The trouble is that a significant percentage (nearly 50%) of this income will be coming from future sales of RSU (restricted stock units). The RSUs are vested on a regular monthly schedule and I already have two years of tax return showing them, but all the conventional lenders I've talked to would not include value of stocks in debt/income ratio calculation unless they are already vested today. 

I figure this must be a fairly common problem. So I have seven rental properties (all SFRs in the same city but not exactly in the same place). Each one has a different interest rate and term and is serviced by a different lender. Now the properties have appreciated much over the past few years so I've got quite some equity tied up in these, but refinancing each one of them is going to be both time-consuming and expensive. Is it feasible to "consolidate" loans on separate rental properties into one big loan?