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Updated about 8 years ago,
Getting w-2 from own company
Hey bp members,
So i am looking into buying my first property, but it seems like its probably going to be in the beginning of 2018,
Hearing other investors talking about putting your investments in A or B properties to leave it in autopilot, since C or D type of properties tenants require a bit more attention.
I was looking to get financing in the 400k range
I saved up 50k myself and my grandfather sold his land in pakistan and gave me 100k. With a total of 150k for a down payment.
Heres what im having trouble with i have 20 percent down payment and have credit in the mid 700s,
But being self employed and having mostly a total cash business i haven't really setup my tax returns properly, but this year im trying to fix that since im hearing i need a w2 for a loan.
I also started a construction company and have a couple minor contracts with some schools.
So i was thinking if i pay myself as a w-2 employee
For the next year.
Do banks accept this? If im paying myself from my own company as a w2 employee.