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Updated almost 6 years ago on . Most recent reply

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Ryan Kelly
  • Saugus, MA
0
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Way to Get First Property/House Hack While Being a RE Agent

Ryan Kelly
  • Saugus, MA
Posted

Hi everyone,

First post on here. I am currently a real estate agent (1099-Self Employed) and generate a solid amount of income doing so. However, after considering business expenses (which I try obv put as much as possible), SS Tax, and a standard deduction, it brings my adjusted gross income down by quite a bit where it would be hard to qualify for a mortgage of 300K-500K. I've been set for a while on getting a multi-fam to house hack about 30 minutes or so north of Boston which would also supplement my income to help. Any advice on how I can still achieve my goal or is it unrealistic at this point? I am currently still saving and want to put down 10-15% at least and I have 800+ credit. Any feedback/solutions would be appreciated. 

Thanks! 

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