If he could obtain steady employment during that time, I believe that would greatly increase his chances of obtaining a loan after the hard money loan.

@HJ WangIf your spouse is employed by sponsoring entity, she can participate in the 401K plan.

Property type/number of units/zip code Loan amount Property value Fico score Self employed?

One more question, is self-employment tax only applied to your draws?

Can you lease the place from her for now, rent it out to generate income for you and payments for her, then buy after the dust settles?

We are self employed and have never personally purchased a home.

Investing in CAsetup total $2000over 10 years $26,000+That allows those federal taxes to appreciate and generate cash flow if allocated to a RE property.If the $345K can appreciate/earn 5% per year in two years, you are already in profit.$17,250+ per year, over 10 years $173K, plus the appreciation of the property.

We’ll see if I can get more insight but I want to complete the work to start generating some income …it would complete to top half of the split level so We can start house hacking the in-law down stairs…again thanks everyone i really helps out 

Does not being employed affect my chances of getting a loan?

I currently am still employed as a FF/Medic for a local department so I have some time in between shifts to work on it myself with some resources.