Verifying Income for applicant

[Bill Zepeda]

Hi All,

I have an applicant that is a subcontractor and wants to use bank statements to verify income.  I'm concerned about the validity of this and I'm curious if anyone else has encountered this situation.  My first instinct it to ask for tax returns.  Any suggestions are greatly appreciated.  Thanks in advance!

Bill

[Matthew Paul]

i love the self employed , Usually tax returns show it all . But bank statements work also . Most self employed are hustlers , go getters , they WANT to work . Some months are slow and some are busy .  I look at credit score in addition , that shows a lot . Do they pay their bills ?   Your regular hourly employee can hear , 2 simple words " You're Fired" . And only 1 person has to say it . Then they are searching for a job . Most ( not all) self employed are self reliant , they will do whats necessary to pay the bills.  

I have 2 tenants that are self employed . Both are my best tenants .