\n

Brandon says, \u201c Generally, what they want to see is, you know, pay stubs, if you pay yourself, or, you know, if you're an employee somewhere, they're going to want to see 30 days\u2019 worth of pay stubs, your W-2s, for the last two years, or 1099s, whatever you may receive, your K-1 statements if you have a corporation, and then also your two years most recent filed tax returns.

Now, you know, some self-employed people will do a sole proprietorship, so your personal returns will just be enough. But there's a lot of self-employed people that will you know, have LLC, S-corps or whatever, then you'll need to actually provide the business returns as well as the personal returns. And then, you know, just verification of whatever funds you're putting towards the transaction.

So, you know, generally, it's two months bank statements, you know, whether it'll be personal or business, but when you have a self-employed person they'll want to see personal and business, bank statements, all of that. When you get through partial to the transaction, they're going to also ask for a year-to-date Profit and Loss statement from someone you know, just to measure that their income is still on track from where it was a year ago, you know, the 2020 tax returns were filed, etc. Here we are in August, they're going to want to see something for the year to date as well. Profit and Loss usually.\u201d

Brandon Rizk<\/a> and Kristin Kirui-Case has also discussed briefly the Bank Statements loan programs and what should a business owner or a self-employed individuals expect from these kind of loans as well as the difference between Commercial Lending and the Residential Lending.

You can watch the full episode on
Educating Your Money Podcast YouTube Channel.
It\u2019s the Episode 39, called \u201c Home Sweet Business \u201c.
<\/a>
Use the link below to watch the full Episode.<\/p>\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=UVm9jk5jNqY&t=76s\n<\/figure>\n","post_title":"Brandon Rizk \u2013 Guest on Educating Your Money Podcast, hosted by Kristin Kirui-Case","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brandon-rizk-guest-on-educating-your-money-podcast-hosted-by-kristin-kirui-case","to_ping":"","pinged":"","post_modified":"2024-09-17 23:43:42","post_modified_gmt":"2024-09-17 23:43:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/myvegasmag.com\/?p=13579","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4176,"post_author":"4","post_date":"2016-07-11 19:12:00","post_date_gmt":"2016-07-11 19:12:00","post_content":"

Harnessing the Power of Social Networks for Business<\/h2>

By Debbie Harris<\/h4>

By now you probably know that social networks<\/strong> are not going away.  You know you have to use it for your business and yet you are still confused about HOW to use it effectively.  Social media marketing can be overwhelming and is ever evolving. I encourage my clients to start slow, take baby steps and progress as they get into a rhythm with a couple of initial platforms.  Begin by focusing on those sites that cater to your primary customer.  Think about age, sex and whether you are promoting a consumer or business to business product or service.<\/p>

Let’s look at the most relevant social media platforms today:<\/p>

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\n

Business Owners work hard to build their businesses and then usually one of the next steps that they like to do is to buy a home, but they don't know where to start being a self-employed individual, obviously, things are different a little bit when we're talking about a W-2 versus a self-employed individual.

So one of the most asked questions Kristin gets is how does a self-employed business owner get a mortgage?

Brandon Rizk<\/a>, NMLS# 327638, a Mortgage Branch Manager who\u2019s been in the mortgage lending industry since 2002, was a guest on Educating Your Money Podcast to answer the questions that most of the business owners or self-employed individuals has when they start planning to buy a house.

\u201c So Brandon, I have clients that come to me all the time with this question, self-employed business owners, asking about buying a home, in general, what information does the bank need when someone is trying to buy a home?\u201d Kristin, the host of Educating Your Money Podcast asked.<\/p>\n\n\n

Brandon says, \u201c Generally, what they want to see is, you know, pay stubs, if you pay yourself, or, you know, if you're an employee somewhere, they're going to want to see 30 days\u2019 worth of pay stubs, your W-2s, for the last two years, or 1099s, whatever you may receive, your K-1 statements if you have a corporation, and then also your two years most recent filed tax returns.

Now, you know, some self-employed people will do a sole proprietorship, so your personal returns will just be enough. But there's a lot of self-employed people that will you know, have LLC, S-corps or whatever, then you'll need to actually provide the business returns as well as the personal returns. And then, you know, just verification of whatever funds you're putting towards the transaction.

So, you know, generally, it's two months bank statements, you know, whether it'll be personal or business, but when you have a self-employed person they'll want to see personal and business, bank statements, all of that. When you get through partial to the transaction, they're going to also ask for a year-to-date Profit and Loss statement from someone you know, just to measure that their income is still on track from where it was a year ago, you know, the 2020 tax returns were filed, etc. Here we are in August, they're going to want to see something for the year to date as well. Profit and Loss usually.\u201d

Brandon Rizk<\/a> and Kristin Kirui-Case has also discussed briefly the Bank Statements loan programs and what should a business owner or a self-employed individuals expect from these kind of loans as well as the difference between Commercial Lending and the Residential Lending.

You can watch the full episode on
Educating Your Money Podcast YouTube Channel.
It\u2019s the Episode 39, called \u201c Home Sweet Business \u201c.
<\/a>
Use the link below to watch the full Episode.<\/p>\n\n\n

\nhttps:\/\/www.youtube.com\/watch?v=UVm9jk5jNqY&t=76s\n<\/figure>\n","post_title":"Brandon Rizk \u2013 Guest on Educating Your Money Podcast, hosted by Kristin Kirui-Case","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"brandon-rizk-guest-on-educating-your-money-podcast-hosted-by-kristin-kirui-case","to_ping":"","pinged":"","post_modified":"2024-09-17 23:43:42","post_modified_gmt":"2024-09-17 23:43:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/myvegasmag.com\/?p=13579","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4176,"post_author":"4","post_date":"2016-07-11 19:12:00","post_date_gmt":"2016-07-11 19:12:00","post_content":"

Harnessing the Power of Social Networks for Business<\/h2>

By Debbie Harris<\/h4>

By now you probably know that social networks<\/strong> are not going away.  You know you have to use it for your business and yet you are still confused about HOW to use it effectively.  Social media marketing can be overwhelming and is ever evolving. I encourage my clients to start slow, take baby steps and progress as they get into a rhythm with a couple of initial platforms.  Begin by focusing on those sites that cater to your primary customer.  Think about age, sex and whether you are promoting a consumer or business to business product or service.<\/p>

Let’s look at the most relevant social media platforms today:<\/p>