EDIT: My income stated was misleading and in actuality, POST TAX. Most months I bring home around $3700 after taxes and business expenses are put away.
I’m self employed with no debt, last year I made 43k.
I have 14k in savings and try to put $500 or more in savings per month.
Would like to buy a duplex to live in/ income. Found one I like for $180k. From my understanding you can add the projected rent income into your mortgage application.
This year I had to leave for several months for family Illness and project that I’ll end this fiscal year about 10k short than last year. I’m worried if I wait till the end of the fiscal year it will be harder for me to get approved.
If you think unreasonable, at what point would you think reasonable, my income is unlikely to change from $40-$50k a year.
Submitted November 08, 2019 at 05:28PM by megmpl https://ift.tt/2K1axcg
