View Single Post
Old 01-27-2014, 07:20 PM
smslavin's Avatar
smslavin smslavin is offline
Hard Core 4+
Join Date: Dec 2010
Location: On a plane...
Posts: 926

Thanks for all the input. I just talked to the bank and this isn't going to work for us as we don't have 2 years of previous rental income on our taxes. To get the new loan, my income would have to be enough to cover both mortgages. The rental income is not counted. It would've been nice to have something to build a little nest egg but it was a long shot anyway. On to the next idea...
Reply With Quote