First Timer. Self Employed. What do I need to do to improve chances do being approved for the 600K range in CT?
How realistic is it to get approved for a 600K ish property in CT but buying it as a business (LLC) vs a personal purchase? First time buying. Self employed for the last 6 years. P&L and Tax Filing shows growth since 2017. Last year’s gross was 315K and netted 150K. Total debt is $15K between biz and personal credit cards and cars. Actively paying off. FICO score is 695 right now. Anyone have any experience about purchasing property as a biz vs yourself? The reason why the home would be purchased by the biz it’s because it’s a property where you can live but it’s zoned as a kennel already too. Do I need more income? Less DTI? Any insight is highly appreciated 🐶🐾
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source https://www.reddit.com/r/RealEstate/comments/15x0ky9/first_timer_self_employed_what_do_i_need_to_do_to/
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