Buying with self-employed income
What you earn and what your paperwork shows aren’t always the same thing. We start from your assessments and financial statements to set a budget that holds up.
Situation
You work for yourself and you’re getting ready to buy, after two years where the income wasn’t the same.
The starting figures
- Documented years
- 2
- Reported income – year 1
- $86,000
- Reported income – year 2
- $104,000
- Tax balance
- To confirm
What the figures tell us
Revenue, net income, and what you pay yourself tell three different stories. Your legal structure, your deductions, and the two-year trend decide which methods I can go after.
Options to compare
We look at the right time to apply, the programs open to you, and a target price based on the income your documents can support.
The trap to avoid
A strong recent year doesn’t always replace the history they ask for. And a tax balance or missing records can push your timeline back: better to know that now.
The decision to make
When to submit, and what price to aim for: we decide from the income your records can support.