All Forum Posts by: Jimmy Rojas

@Jimmy Rojas Yes, you can file your own 1099s using tax software or online services, but simply filing a 1099 doesn’t automatically prove income for a mortgage. Lenders typically look at your full tax return (Form 1040) with Schedule C (for self-employment income) or Schedule E (for rental income) to verify income.

To qualify for a home loan, banks generally require:

At least two years of reported self-employment income.
Tax returns, bank statements, and possibly profit & loss statements.
A solid debt-to-income (DTI) ratio to ensure you can handle mortgage payments.

If you’re newly self-employed and don’t have two years of tax returns, you may need to look into bank statement loans, which some lenders offer based on income deposits instead of tax returns. Always check with a mortgage lender about their specific documentation requirements.

This post does not create a CPA-Client relationship. The information contained in this post is not to be relied upon. Readers should seek professional advice.

I been self employed since 2015 and have my 1099 forms 2023 and 2024, no debt at all.

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Phoenix, Arizona

I found out there is software/apps that you can use to do your taxes on 1099, can i file my 1099's myself and use that as proof of income to banks?

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Phoenix, Arizona

Through loopholes there are many home owners that are illegal immigrants, if they get deported , what will happen to their homes?

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I live in Arizona and homes here are sky high, youd be lucky to get %6 interest rate, I would be a 1st time home buyer, apart from being 1099 employed would Trumps real estate plans benefit the little guys like me?

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Phoenix, Arizona

Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score. Want to get a loan for $250k in AZ

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Phoenix, Arizona

Thanks for the reply, i think it may not be worth it after all, may I ask did you use a calculation app to come up with the mostly payments, if so, care to share it with me.

1 Vote

Phoenix, Arizona

Hey guys im looking at real estate in South America ,for the price of a studio here in the U.S there you can get a 3br +1000sqf house in nice area of town ready to move in, been pondering on getting a personal loan here in the U.S to invest in a house in SA, what banks are best for this type of loan, i would like a low interest and monthly payments.

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Phoenix, Arizona

I will be a 1st time home buyer , when getting a loan from a bank how do i show them proof of income from my 1099 form/s. I work at my brothers business as a independent contractor , he has an accountant for this business is necessary for him to to this job or i can do it myself.

1 Vote

Phoenix, Arizona

Im located in Phx,Az, have access to MLS recently i noticed under the sold section there is a lot (more than before) homes being sold below asking price and some in cash, anyone know whats going on, Im currently looking for a home so i guess this is good for me.

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Phoenix, Arizona

Congradulatlions!, it helps tons when you know someone like your husband that knows how to flip and work on a home himself, a lot of people myself included have no connections at all to flip a home and it could be daunting just thinking about it.

Did you get your asking price of $299.633?

How long did it take to flip your home to be ready to sell?

How fast did you sell it ?

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All Forum Posts by: Jimmy Rojas

Jimmy Rojas has started 51 posts and replied 92 times.

Post: Can i file my 1099s on my own and show that as proof as income to banks for a home

Post: Can i file my 1099s on my own and show that as proof as income to banks for a home

Post: Mass deportations: will it affect the housing market

Post: Will Trumps presidency benefit small RE investors or people just starting out?

Post: Roughly what interest rate and term am I looking at in my situation

Post: Best place to get a -$40k personal loan

Post: Best place to get a -$40k personal loan

Post: How to show proof of income with 1099 form

Post: Recently homes are going for less than advertised and more cash deals

Post: First Flip Attempt