I am renting out my condo for less than my mortgage, do i have to claim this as income? | Property Flip

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I am renting out my condo for less than my mortgage, do i have to claim this as income?

Posted by on Jul 26 | Real Estate Investing Chatter

, more 


and When does the 125% LTV become available?  My loan officer told me its not available till the middle of August, but I see it was passed on July 1st, which would mean its available already.
So is my banker wrong? Is it already available, or do I have to wait until the middle of August?
I am refinancing a Freddie Mac loan through my bank to get a lower APR., more 

and How much are utilities?  What’s the average cost of utilities in a very small 2 bedroom house?, more 

Whats are some good websites to find new homes for sale?  I’m trying to help my mom but I need websites. Anyone besides www.har.com because we looked at all the houses on there. Oh yea we live in Houston TX.
Oh yea the highest my mom is going is 130,000 and it must be 4 bedrooms are 2 bathrooms and must be in houstonISD, more 

and What is the HUD/VA Addendum to Uniform Residential Loan Application?  I am applying for a pre-qualification loan through Wells Fargo and I have already submitted this past Monday my W-2′s, Bank Statements, Pay Stubs, etc. Then, yesterday (Thursday) I had to fill out a HUD/VA Addendum to Uniform Resiential Loan Application, along with some other VA paperwork. IN the loan amount, there is a number of $178,7500 and the interest rate shows up as 5.5%. Now, I really never discussed in much detail how much I would be doing the loan for or the interest rate. I was just looking for a pre-approval. After doing some research, it looks like the Uniform Residential Loan application is something that you fill out when you are actually going for a loan (not an issue b/c I am buying really soon). My question is did the underwriter already take a look at my information I passed with my personal information and now want this to complete the approval? I am supposed to find out in 7-10 days, but I am just getting jumpy/nervous/excited., more 

Tags: bank owned, investing advice, houses, homes

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