Topic: [WTB] Mortgage Cosigner (Read 1830 times)
Nope better spent on a down payment
bitpop ill be ur cosigner, pay me 40k
Ok scratch that part, only his un/coerced signature is needed.
Yes. Please be aware I'm looking to BUY a cosignor, meaning the person is included.
Human trafficking is illegal, :p.
Yes. Please be aware I'm looking to BUY a cosignor, meaning the person is included.
The mortgage company will ask to see your stubs or previous statements. You can't just invent 2 years of income.
I don't follow. It is entirely legal to create your new company, as a sole proprietor, and then hire yourself to work for it. He hired himself for two years and paid himself x amount per month. He is paying taxes on this income, therefore it is all legal. If this weren't allowed there would be no small business owners.
Yes, but you'd have to start now and pay yourself for two years. He wants a more immediate solution.
Yes but I'd have to wait two years and they may ask for business statements plus I just spent 33% in taxes.
I don't follow. It is entirely legal to create your new company, as a sole proprietor, and then hire yourself to work for it. He hired himself for two years and paid himself x amount per month. He is paying taxes on this income, therefore it is all legal. If this weren't allowed there would be no small business owners.
The mortgage company will ask to see your stubs or previous statements. You can't just invent 2 years of income.
I don't follow. It is entirely legal to create your new company, as a sole proprietor, and then hire yourself to work for it. He hired himself for two years and paid himself x amount per month. He is paying taxes on this income, therefore it is all legal. If this weren't allowed there would be no small business owners.
Kkkkkkkkkk
The mortgage company will ask to see your stubs or previous statements. You can't just invent 2 years of income.
I don't follow. It is entirely legal to create your new company, as a sole proprietor, and then hire yourself to work for it. He hired himself for two years and paid himself x amount per month. He is paying taxes on this income, therefore it is all legal. If this weren't allowed there would be no small business owners.
Okay. We solved the issue for op then?
Do i get the 10k
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That should be 10 k's, but feel free to count it to make sure. PLEASE DON'T SCAM ME!
The mortgage company will ask to see your stubs or previous statements. You can't just invent 2 years of income.
I don't follow. It is entirely legal to create your new company, as a sole proprietor, and then hire yourself to work for it. He hired himself for two years and paid himself x amount per month. He is paying taxes on this income, therefore it is all legal. If this weren't allowed there would be no small business owners.
That's what QuickBooks is for
The mortgage company will ask to see your stubs or previous statements. You can't just invent 2 years of income.
Is it tax evasion or tax fraud to pay them more taxes?
Honestly I wouldn't think it would be either. People overpay the IRS all the time. Most small business owners will "estimate" their taxes and add on some extra for variance. If they overpaid for the year, the IRS will send a refund check. If they underpaid, they just have to pay the difference.
Is it tax evasion or tax fraud to pay them more taxes?
No they want 2 years tax returns
File now for the last two years?
Check with your lawyer as it might be illegal to pay too many taxes.
I laughed because of the thought of the IRS being angry about you giving them too much money, XD.
I don't know the legality of it as it would be technically gaming the system in an attempt to do what would (technically) be defrauding the loaner by creating a false background. I would think that would cause more problems than it is worth.
No they want 2 years tax returns
Can you start a company that pays you eg $1k a week for a couple of months and try to juke the system/commit fraud 
?
?
Yes I understand.
Thanks. Also siblings just started jobs after graduating, I have roommates that will basically cover the mortgage. Defaulting is not possible.
Even if you were a multi-billionaire, the best thing for anyone to do before jumping in to anything is to consider the worst possible circumstances. Whether or not you have everything under control isn't really something people are going to pay attention to. "Murphy's Law" comes to mind.
So it's really not an attack on you, it's just safeguarding that is really necessary when dealing with things like this and investments,
.
Thanks. Also siblings just started jobs after graduating, I have roommates that will basically cover the mortgage. Defaulting is not possible.
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