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...
Rich Hupper
Tax deductions and Loan Qualification
Hi EveryoneI am trying to maximize self employed tax deductions while only deducting expenses that can be later be rolled back into my income by lenders. I know it is a balancing act for self employed people. So far I...
Amy Greger
Refinance with Self-Employed Income
Trying to refinance cash-out on a duplex. Excellent credit. Went through most of the process, and was shut down because we have self-employed income only. "I thought you still had a job (W-2)"... What's the best wa...
Joshuam R.
FL SMLLC > EIN > AS INDIVIDUAL OR CORPORATION
Hello all, will be continued full time W2 employee but also starting new LLC single member. Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or...
Kareem Aaron
How to improve chances of getting a home loan when self-employed
I'd like to apply for a home loan so I can purchase a property in Dallas TX that I'll rent out. I own a small IT Consultancy business in MD and have a good credit score. However, I've been self-employed since 2010. Fr...
Sajjad Abbasi
I'm self employed and can't verify income due to write offs
Hi. Can I get a HELOC for my two rental properties if I'm self employed and can't verify my income because of write offs. Both the properties are condos and I don't want to do cash out refinances because on one of the...
Peter Morgan
Self reported income from prospective tenant!
Hello,A prospective tenant self reported income in Zillow rental manager that's 3x times more than rent. Can I ask for past w_2s and paystubs including a copy of driver's license?Appreciate your inputs Thanks
Caleb Ninivaggi
Getting a Mortgage!
The basis of getting approved for a mortgage loan...
-for W2 employees the bank basically takes their gross monthly income, they cut it in half and then half the monthly income has to cover the monthly bills on the c...
Account Closed
are no doc loans making a come back?
I'm self employed and have a 760 credit score. Due to write offs and deprecation my tax return is not that impressive. I flipped some really good SF contracts that would of been good keepers if I knew of a loan produ...
Erika Marat
Health Insurance For Self Employed
Hi All, I am a real estate investor and I own an S Corporation. Currently don't have any employees. For all the other self employed investors, what is the best health insurance for self-employed people? Thanks!