Hey folks, despite being a full time real estate professional and running a portfolio of almost 50 doors I've never owned my own home. I've been trying to get a Fanny approval and last week the lender sprung on me that they now require a YTD P&L that matches dollar for dollar with your bank statements. Well our Quickbooks gets populated directly from the bank and also puts out the P&L and they are now saying that it doesn't match properly and to reapply after I've done my 2019 taxes. I struggle to accept that Fanny now requires you to be an ace accountant for approval.
Anyone know anything or have some wisdom or suggestions for me?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/i0xt4m/fanny_requires_p_and_l_for_self_employed_need_help/
Comments
Post a Comment