Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
How to get financing for BRRR for 1099 (self-employed)
Sorry if this question has been asked but I couldn't find a clear answer in what I've read. I have enough to buy and rehab my first house but I am worried about getting the financing when I'm done. I have a lot of write-offs and show little income. Can you offset this in any ways other than claiming more income and waiting the two years? I would be happy to put more in a savings account to cover mortgages for say 6 months or a year, but would that make a difference? Does this issue just depend on the bank? How do other people who are 1099 get around this issue?