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Author Topic: [WTB] Mortgage Cosigner  (Read 1816 times)
ranlo
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May 28, 2013, 11:33:26 AM
 #41

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.

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ranlo
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May 28, 2013, 11:43:19 AM
 #42

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   Wink

kkkkkkkkkk

That should be 10 k's, but feel free to count it to make sure. PLEASE DON'T SCAM ME!

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bitpop (OP)
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May 28, 2013, 11:54:05 AM
 #43

Kkkkkkkkkk

bitpop (OP)
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May 28, 2013, 11:55:01 AM
 #44

Yes but I'd have to wait two years and they may ask for business statements plus I just spent 33% in taxes.

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.

cp1
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May 28, 2013, 03:49:15 PM
 #45

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.


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bitpop (OP)
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May 28, 2013, 03:58:17 PM
 #46

Yes. Please be aware I'm looking to BUY a cosignor, meaning the person is included.

ranlo
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May 28, 2013, 04:02:49 PM
 #47

Yes. Please be aware I'm looking to BUY a cosignor, meaning the person is included.

Human trafficking is illegal, :p.

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bitpop (OP)
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May 28, 2013, 04:11:00 PM
 #48

Ok scratch that part, only his un/coerced signature is needed.

ironcross360
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May 28, 2013, 04:18:59 PM
 #49

bitpop ill be ur cosigner, pay me 40k

Why are you just staring at this? Just send it! 1MHZjADM41ttjbPUiTPYWGYGm45XLf8ZeS
bitpop (OP)
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May 28, 2013, 04:20:20 PM
 #50

Nope better spent on a down payment

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