There are different rules when you are self employed and buying a house. Unlike the average first time home buyer who is a W-2 employee, self employed people have to prove their income in order to get a mortgage. The biggest catch-22 is that business owners, independent contractors, and/or self employed people write off most of their income for tax purposes.

In this video, I explain how you need to document your income when you are self employed and what you need to do as far as your taxes are concerned. There are a different set of rules for the self employed and normally you will be required to make a sizeable down payment. Check out this video for some other options that can possibly help you get around the requirement for a large down payment.

Download the HomeScout app from your app store and use my VIP code 0832 to search the Nashville MLS.

When buying a house when self employed, you still need a strong credit profile and a credit score of at least 700 normally. Your debt-to-income also has to be in line with the income you report.

Watch the video to the end to see how you can possibly qualify for a mortgage depending on just your self employment or side hustle income.

Download the HomeScout app from your app store and use my VIP code 0832 to search the Nashville MLS.

Is the Nashville real estate market crashing? Everyone keeps talking about how real estate prices and values are expected to fall. Are we experiencing the housing market crash of 2020 here in Nashville?

In this video, I go over the numbers for the Nashville real estate market from just last month – September 2020. Homes are still selling for nearly $200 per square foot after only 10 days on average on the market. And the listing price per square foot is going up because of our low inventory. Whether you are doing real estate investing or trying to buy your first home, the competition remains steep in the Nashville housing market in 2020.

Download the Homescout app from your app store and use my code 0832 to access the Nashville MLS listings. The listing are updated every 15 mintues.

Check out all the details and feel free to give me a call at 615-554-0832 if you need help with finding a new home here in Nashville.

Download the Homescout app from your app store and use my VIP code 0832.