I’ve been self employed for the past two years. In those two years my business has operated as a loss. Moving forward in purchasing additional properties is it beneficial to provide a lender with my schedule E forms from the past two years. I purchase properties and rent them out as a full time sole proprietor. Please assist. I was told being’s that I am self employeed I would have to provide two years of tax returns. Do they want it even if I’m operating at a loss. How will this affect me getting a loan.
J Lawrence,
I am aware of more than a couple wholesale lenders that can squeeze this one out. I’d love to try to help you.
What state are we talking about here?
Pennsylvania
if you are going stated (which most self employed investors do) then you dont have to report your w2 to the bank that is funding the loan, but your mortgage consultant might ask for it for their own records. use my info below for more information