Getting w-2 from own company

[Ahsan Khan]

Hey bp members, So i am looking into buying my first property, but it seems like its probably going to be in the beginning of 2018, Hearing other investors talking about putting your investments in A or B properties to leave it in autopilot, since C or D type of properties tenants require a bit more attention. I was looking to get financing in the 400k range I saved up 50k myself and my grandfather sold his land in pakistan and gave me 100k. With a total of 150k for a down payment. Heres what im having trouble with i have 20 percent down payment and have credit in the mid 700s, But being self employed and having mostly a total cash business i haven't really setup my tax returns properly, but this year im trying to fix that since im hearing i need a w2 for a loan. I also started a construction company and have a couple minor contracts with some schools. So i was thinking if i pay myself as a w-2 employee For the next year. Do banks accept this? If im paying myself from my own company as a w2 employee.

[Natalie Kolodij]

The banks will take 2 years of tax returns as proof of income if you're self employed. 

The "haven't really set up my tax returns properly" is super concerning. 

A. If you're running businesses that are large enough to cash flow- I'm guessing they may be S Corps? If so, You need to give your self a w-2 any way. 

B. Get a GOOD CPA (or an EA if you're so inclined) to review, amend, and fix yo **** asap. 

Do that before you hand any thing to any one.