Downpayment ready but no income

[Daeun Lee]

First, thank you everyone at BP, I have learned so much reading threads, listening to the podcasts from this amazing community.

After doing some research, I was going to purchase a house since I am already living with 2 other roommates and our rent here in SoCal is so expensive already, but my plan fell through last minute.

I have decided to wait 3-6 months on purchasing primary house and purchase muti-family OOS instead, where the houses are less expensive. My savings is about 200k but the problem is, I am self-employed, and have had low taxable income this year due to Covid19.

What would you guys do in this case? I’d like to hear some advices/suggestions!

Thank you for your time