Has anyone ever been asked to supply a Balance Sheet as a PC/Sub S when buying a home as an Owner/Agent?

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Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN (Value Added Service, 602-620-2699)

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Rainer
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Ed Macias

Real Estate Teammates - Miami, FL

Miami FL-REO Property Management Multifamily

No never

Jul 13, 2015 10:57 AM

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Jan Green - Scottsdale...

Scottsdale, AZ

Rainmaker
2,538,633

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

Good morning Jan. I have not, but as an investor, nothing surprises me.

Jul 13, 2015 08:01 PM

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Ambassador
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Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

yup and for a commercial loan when I built a new office. Standard when you're self employeed as far as I'm concerned.

Jul 13, 2015 02:15 PM

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Rainmaker
3,988,013

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

I believe years ago yes but that was probably 20 years ago. Now I have no problem with financing but I use the same banks over and over.

Jul 13, 2015 01:16 PM

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Rainer
67,369

Evelyn M Epperson

Coldwell Banker Residential Brokerage - Johns Creek, GA

A Tradition Of [Excellence, Trust & Service]

No never - you must be deailing with an accountant.

Jul 13, 2015 11:12 AM

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Rainmaker
1,257,045

Jan Green - Scottsdale, AZ

Value Added Service, 602-620-2699 - Scottsdale, AZ

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

I'm applying for a mortage and the lender is asking. My corp is not buying the home but because I am a self employed PC, they care about my income.

Jul 13, 2015 10:17 AM

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Rainmaker
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Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

You mean by a lender. Is your corporation buying the home? If not, change lenders.

Jul 13, 2015 10:08 AM

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Good morning Jan. I have not, but as an investor, nothing surprises me.
yup and for a commercial loan when I built a new office. Standard when you're self employeed as far as I'm concerned.
I believe years ago yes but that was probably 20 years ago. Now I have no problem with financing but I use the same banks over and over.
I'm applying for a mortage and the lender is asking. My corp is not buying the home but because I am a self employed PC, they care about my income.
You mean by a lender. Is your corporation buying the home? If not, change lenders.