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Updated over 5 years ago,

User Stats

6
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4
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Joshua Farren
4
Votes |
6
Posts

How to get financing for BRRR for 1099 (self-employed)

Joshua Farren
Posted

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?

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