Skip to main content

Fanny requires P and L for self employed- need help

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?

submitted by /u/Boneyabba
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/i0xt4m/fanny_requires_p_and_l_for_self_employed_need_help/

Comments