Hey guys, I believe for self-employee income the mortgage lenders use your net-income to qualify you for your DTI? Which number would this be on the screenshot below?
I own my own business and as many self employed people do, they write off as much as they can. I've learned lenders don't like this.My W2 is $25,000K1 is around $11,000Car payment is $498Credit card #1 is $15 minimum ...
Hi folks
I'm interested in pursing REI opportunities in small multifamily, but recently switched from W2 employment to self-employment.
My impression is that the rule of thumb here is that banks want to see 2 years...
I’m a newbie here and eager to get started in real estate…
I’m self employed and looking to start flipping houses. I know that the biggest change will be to get financed, without a W2 ( Even though I now there are p...
Are there any lenders for small business owner? Im trying to buy my first home and looking for lender can pre approved by using the business incomes instead or personal income since I take small pay and put everything...
I am currently self employed since March 2020. After trying to get a mortgage to purchase a house for myself I was told mortgage companies won’t approve me until I have been self employed for 2 years. I am wanting to ...
Good morning all, so I recently did my taxes. I used Turbo tax deluxe. Anyway, it was a good year money wise. Better than usual obviously because we owe the IRS about 2800 dollars. I have 1 rental property and bel...
Tenant sent me an application to rent my property:- his income is $18K/year but the rent is $3.1K per month! - but….tenant has a local business and said he doesn't pay himself much salary- tenant is willing to pay 2 m...
So with the Fed eluding to a rate hike in the near future,,, maybe. I am curious what everyone's opinion is on how rising rates will affect the rental market. Will it spur a flurry of buying as everyone is afraid th...
Hey I currently wholesale in charlotte,north carolina with dreams of one day buying a house. However from my understanding being self employed can cause some obstacles in order to be approved for a home loan. I was wo...