1 year tax return for conventional mortgage

[Jason H.]

A few weeks ago I left my w2 job of 7 years to start my own electrical contracting company. My biggest concern is showing enough INCOME for 2017 (when applying for conventional mortgages in 2018) to be able to qualify for mainly cash out refinances (BRRRR proerties). I am projecting $30-40k for the remainder of 2017 which is not enough to qualify for a $400K mortgage.

I do have personal capital I would like to invest into the company mainly to show higher income for the year in order to meet the financial requirements for a $400k home.  Is it possible for me to invest say $40k into the company and show it as income? I realize i would pay income tax on this but I am OK with that given I potentially could pick up two rentals next year.