Video Transcript:
Lenders dismiss your gross income from multiple 1099s. They only see your Schedule C net profit, applying a rigid two-year averaging formula. This system prioritizes stability, not just your best year. My role, as David Ghazaryan, is structuring these complex incomes for underwriting. We must prove sustainability across all gigs, because underwriters will not use your highest-earning year alone. We aggregate total net income from all your Schedule Cs for two years. We then divide that single sum by twenty-four. This becomes your official qualifying income. (Data may vary over time). Your tax strategy directly impacts borrowing power. Every single dollar claimed as a business expense on your Schedule C is a dollar removed from your qualifying income. Underwriting prioritizes history over short-term performance. A required two-year history across consistent gigs proves sustainability, which is systemically less risky than one unproven, high-paying new venture. I have outlined these specific structural details in the full article on my website. See my social platforms; all links for continued analysis are in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/qualify-with-multiple-1099s-in-fresno--oakland
