All Forum Posts by: Mirjam Kao

Hi!

My husband and I have been self employed, living abroad, but we've been looking to come back to the states and purchase our first property.  Being self employed, despite having decent income our tax returns show very Low AGI due to deductions, namely a large $102,000/year foreign income exclusion.  My husbands credit is great (low 800's), but I think not showing the kind of income that lenders are looking for heavily limits us.  Any creative solutions anyone would suggest??  Would a co-signer be sufficient despite the low AGI (income) problem?  How about a co-investor?  If we a friend to co-invest who does have a good job or a decent ability to land a loan and we pay the down payment for instance, is this something that could work or would be suggested?  If we are able to get a loan this way (co-signer or co-investor), will this help us later down the line to secure a future 2nd loan?  Any dangers or downsides, or perhaps any other suggestions??  Thanks so much!! 🙏❤️❤️

Hi!

My husband and I live abroad, but we're thinking of coming back to the states.  We can live anywhere (pretty much), but we would like our first investment to be worthwhile.  My husband was born in NJ where his mother lives, so that area is a possibility.  He also lived in Seattle Washington, although we've heard that there are really no deals to be had there.  Having briefly looked at NJ real estate, we also found a lot to be still quite overpriced.  We're not attached to any one particular area, state or city, but if anyone could suggest any places that still have value, potential for growth, and cash flow positive deals to be had, what would you recommend?  Thanks so much!!  🙏❤️