Ep. 161 | Mortgages For The Self-Employed

In this episode, hosts Chris Picciurro, CPA, and John Tripolsky sit down with Parker Borofsky of Wealth Builders Mortgage Group to unpack the unique challenges self-employed individuals face when trying to qualify for a mortgage. From understanding how lenders analyze income to finding a balance between tax deductions and borrowing power, this episode is a must-listen for entrepreneurs, real estate investors, and business owners. Learn how to strategically plan your finances to secure a mortgage — without undoing your tax planning efforts. ⸻ CHAPTERS 0:03 Mortgage Solutions for Self-Employed Individuals 3:38 Navigating Mortgage Challenges for Self-Employed and Real Estate Investors 7:56 Navigating Self-Employment Challenges in Mortgage Lending 15:52 Self-Employed Loan Strategies and Bank Statement Programs 20:22 Navigating Mortgage Options for Self-Employed and Investment Properties 28:13 Navigating Real Estate Loans Without Tax Returns 32:23 Exploring Tax Education Through YouTube and Podcast Collaboration ⸻ KEY TAKEAWAYS ✅ Lenders focus on net income, not gross revenue. ✅ Over-deducting on taxes can hurt loan approval chances. ✅ Two years of tax returns are typically required for self-employed borrowers. ✅ Alternative loan programs may help those with fluctuating income. ✅ Early planning ensures both tax efficiency and mortgage readiness. ⸻ EPISODE SPONSOR Strategic Associates, LLC Roger Roundy www.linkedin.com/in/roger-roundy-86887b23 ⸻ 🎧 Listen on your favorite podcast platform: 👉 Spotify https://bit.ly/3KdmtJL 👉 Apple Podcasts https://apple.co/3ZkyEtX 👉 Amazon https://amzn.to/4qmdqa5 👉 iHeart https://bit.ly/iheart-TTF