First time home buyer

[Akeem Moreno]

Looking to make a purchase on a property New York, New Jersey. Any help will be appreciated as this is my first time getting into real estate. Thanks All!

[Diana Muresan]

@Akeem Moreno have you been self employed for over 5 years? If so you could use just one 1 year of tax returns. 2/3 of my clients are self employed and couple of dozens are waiting to file for 2018 since they deducted too much in previous year. 

Make sure a banker sees your drafts before you file in case you file before you purchase a house, we use net income and not gross on self employed borrowers. 

Back to your house hunting, sky are the limits really, just kidding, anyway, being a 1st time buyer you have a few options. Not sure if that area has MF (multifamily) properties, I close most of the MF in metropolitan areas and in some states more than others. Get a pre-approval for both, MF and just 1 unit and start from there. If you decide to go for MF, I suggest you pair with a realtor that has experience with MF, just be straight forward and ask how many MF has he or she closed in the last 12 months