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Updated over 4 years ago on . Most recent reply

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Bogdan Kosilov
  • Yonkers, NY
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Self employeed trying to buy first property

Bogdan Kosilov
  • Yonkers, NY
Posted

Hi,

I'm trying to get my first rental property but don't have a w2 that shows substantial income. I'm self employed and I barely even pay myself on paper so I'm wondering how I can actually get my first mortgage. I tried to get a VA mortgage but they said since I don't have a w2 that shows much they can't do much.

What can I do to make this work? I have enough cash in pocket to put down as a down payment but still won’t be able to get a mortgage.

Any help will be appreciated!

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1,250
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
1,405
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
Replied

@Bogdan Kosilov - how much down money do you have?  I work with lenders that don't require W2s.

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