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re: home loan qualifications and the self employed
Posted on 12/12/12 at 10:49 am to gsvar2004
Posted on 12/12/12 at 10:49 am to gsvar2004
Always been one of the disadvantages of being self-employed
With all of the good things you can do with depreciation, expenses, accrual accounting etc. - the downside is if you show too little income on your tax return you may have a difficult time obtaining a loan.
Catch-22 it seems in a way
With all of the good things you can do with depreciation, expenses, accrual accounting etc. - the downside is if you show too little income on your tax return you may have a difficult time obtaining a loan.
Catch-22 it seems in a way
1
Posted on 12/12/12 at 1:33 pm to Shankopotomus
yeah the point im at now is claiming more 2012 to bite the bullet to qualify for a bigger loan. im gonna have to wait till march or so it seems now. 
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