My last category of adjustments to get from taxable income to recurring cashflow is really just a time-saver. I call it nondocumented income.Let's say you already have your borrower qualified easily (in these economic times
If you are going for HISTORICAL cashflow, you'll include in your numbers nonrecurring income and expenses. Perhaps you'll mention them in the write-up.But if you are working on coming up with a number for RECURRING
In previous posts I covered the three N's that get us from taxable income to HISTORICAL cashflow: Nontaxed income Nondeducted expenses Noncash income or expensesIf you want to go the rest of the distance to
You are settling in for a flight and the flight attendant is giving you the safety talk. You know, 'the talk'. You could probably recite it right now if you fly often.So tell me, what
Three more tutorials on our Lender's Online Library went up recently. The two with live links are free to all visitors. If the link is not live you need to be a subscriber.1040 AGI vs
Think back to the first time you got coaching on what to pull from a tax return. I'll bet somewhere in that conversation you heard:"Add back depreciation."We add back depreciation when pulling cashflow from financial
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