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Updated about 3 years ago, 11/23/2021
How to secure a loan as self-employed / through LLC
Hey!
So i've been on BP forum for some time now trying to figure out how to get in the game. A lot has changed and recently i left my corporate job where i was making over 6 figures to open my own production company thats been in operation less than a year. God willing in my first year of operation i'll touch 6 figures, but i have faith i'll at least come close to that.
My initial goal was to buy a house using my employment income but now that that has changed i am looking for tips and strategies to purchase a house through my LLC or by paying myself a wage (which wont be that close to what i was making before). My new goal is to buy a townhouse in Atlanta or Houston that's under $200k. i'd be able to house hack or Airbnb.
Some questions:
1. What is the best strategy for getting a loan as a business or self-employed person?
2. Am i able to take advantage of first time home buyer programs this way?
3. What are you seeing in the market as far as getting a loan this way?
4. Atlanta or Houston?
Thanks!