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Updated over 1 year ago,
What is the best move to be eligible for financing?
I recently left my travel industry of one year and am currently a nanny making more money (roughly $800-$1000) a week however this is cash so it is non-taxable income. I also work part time as a server for extra money during the Summers (taxable). I would like to get into a multi-family in Connecticut asap once I have a little bit more money for reserves and downpayment. ( I am also a licensed agent but have not been active over the past year and a half.)
I am hoping for some guidance on what I should do as far as my income. I am considering forming an LLC and making my nannying jobs a legitimate business. However I want to make the right move that will get me to the goal of being qualified to purchase a multi-family as soon as possible.
Any advice or suggestions appreciated!