Samuel Johansen
First time home purchase self employed optometrist
I am a self employed optometrist with my own practice which started 6 months ago. I am trying to purchase my first home and I have run into difficulty getting a loan. Everyone I have spoken too has told me that I need...
Kirsten Milliken
What's a self employed person to do?
I just called my mortgage company to inquire about refinancing my mortgage and was told that lenders are not giving loans to anyone who is self-employed due to the pandemic. This is ridiculous! My income has remaine...
Nick Cascio
Less than 2 years of consistant employment
Hello all, This will be my first post on BP, and will serve to pose a question to overcome my first hurdle on the road to owning and home and gaining beautiful equity. I'm 24, working in the Texas oilfields, have a Me...
HJ Wang
self employed 401k contribution when net loss
Hi, if my self-employment, single member LLC is at net loss this year, and I am the owner, can I still contribute to my solo 401k? I understand I can't make the company contribution because of net loss, but what about...
Aaron Barrett
What to do with 401k through employer
My employer matches 50c on the dollar up to 8% of my income. My wife has the same match. We currently make about $100k annually together and in 2 months it will go to $140-150k. Is it a viable strategy to dump all ex...
David Krulac
Self Employed, good luck getting a mortgage...
here's one negative to leaving your high salary job...http://www.cnbc.com/id/102236966
Sam S.
Lender in Northern Colorado - Self-Employment Friendly!
Hello,Looking to purchase an owner - occupy multifamily in Northern Colorado (where I live and work). Probably in Greeley, CO, in the $180-210k range. Will be my first house.Need a lender that works well with self-...
Juan Jackson
800 credit / self employed/avg 75k gross
Lender mortgage broker loan officer financing georgiaBP Members,I need some adivice. I have a client who want's to start investing in real estate. He is interested in multifamily or a flip property. He is concerned ab...
Ryan M.
DTI and self employment - Adjusted or Gross?
Hey y'all, I'm a newbie and I'm working on financing my first deal at the moment. I shopped rates and am working with a lender but I've hit a few snags. I am self employed and make plenty of money to cover 40% DTI but...
Jason Pabon
FHA Requirements--Stable Income or Stable Employment?
Hey everyone,What is more important to a lender when applying for FHA loan--having a stable 2 year employment or stable income? I've been in one industry but have been bouncing around every year ...any input would be ...