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Updated about 6 years ago,
Paying myself W-2 vs other options
Hey BP!
Switching careers and taking over a profitable property management company. Tons of room to improve and expand the business so I am almost certain it will be profitable for the foreseeable future.
My main question is below:
Would lenders rather see me pay myself as a W-2 employee or should I just pay myself out via quarterly shares, etc? Which one do most lenders let me use inside of 2 years of work history in this career change?
I realize for tax purposes there is multiple different ways to go about it, but I am specifically focused on getting loans in the next couple of years to build my rental property portfolio!
Any advice would be much appreciated!!