All Forum Posts by: Junji Yokota

@Marcus Auerbach

I have been self employed since 2017 and I get 1099 not w2. I have excellent credit score, but I’m not sure if I can refinance my mortgage for better rate. That’s why my plan was just to pay it off in 2.3 years instead of 30 years by paying extra $3k month while I can still save cash for some future deals. I have enough cash to pay off now, but I want to invest in other deals.

@Marcus Auerbach

Thing is I can’t get conventional loan because I’m self-employed. I talked at least 10 lenders and only way to get qualified was business statement loan

I’m small business owner with no w2. Only loan I was able to qualify for my primary home was “business statement loan” with 6.25% interest rate. I purchased house 4 months ago and I put down 20% down on 149k house and my mortgage is $889/month, but I have been paying extra $3000 on principles, total of $3889 per month and I have 100k left on loan. Should I keep pay 4 times more on my minimum? So Loan will be paid off in 2 years or so???

@Torrell Palmason

I don’t have personal debt, but is covi-19 disaster business loan considered as debt?

@David Campbell

I own 50% of c-Corp

@Vinay Kolluru

I’m not sure if we have southern bank here in Greensboro, but if you can give me the bankers info that’ll be great! And I’m still new to the Biggerpockets app, how can I PM you?

@Torrell Palmason

I have no debts and if your company can help me with process that would e great! Thank you!

@David Campbell

We are C-Corp

@Junji Yokota

Well I tried to send you my email address but I couldn’t I will let you know as soon as I find out for sure! Thank you so much

@David Campbell

I believe we are LLC but I just emailed my accountant to make sure. If I email you my tax return we will be able to tell? Thank you!