Schenectady

Can you buy a home if you're self-employed or a bu

Can you buy a home if you're self-employed or a business owner? Absolutely! 🎉

Here's the lowdown on what you need to know to turn your entrepreneurial dreams into a homeowner's reality.

1️⃣ Lenders Love Stability: Though self-employment may seem risky, lenders still value consistency. Prepare to show 2+ years of tax returns📂, bank statements🏦, and a profit and loss (P&L) statement💹 to demonstrate financial stability.

2️⃣ Credit Score Matters: Ensure a healthy credit score💳 by paying bills on time, reducing debt, and keeping credit utilization low. Lenders may have higher credit score requirements for self-employed borrowers. Be prepared!

3️⃣ Debt-to-Income Ratio: Lenders consider your debt-to-income (DTI) ratio📊. Keep your DTI under 43% by reducing debt and increasing income. The lower your DTI, the better your chances of approval.

4️⃣ The Power of Savings💰: Having a solid savings account can boost your chances of loan approval. Lenders appreciate borrowers who can make a larger down payment and have a financial cushion in case of emergencies.

5️⃣ Be Organized🗂️: Lenders may ask for more documentation than a traditionally employed borrower. Stay organized and be ready to provide additional paperwork, like your business license, balance sheet, or client contracts.

6️⃣ Loan Options: Shop around for the right mortgage option💼. Consider FHA, VA, or USDA loans, which may be more lenient with credit scores and down payment requirements.

7️⃣ Tax Deductions & Qualifying Income: Be mindful of tax deductions💸. While they help reduce taxable income, they can also lower your qualifying income for a mortgage.

8️⃣ Work with Experts👩‍💼👨‍💼: Connect with a mortgage broker or real estate agent experienced in working with self-employed and business owner clients. They can guide you through the process and help you secure the best loan.

Remember, being self-employed or a business owner doesn't have to hold you back from owning your dream home!🏡✨

#realestate #realestateagent #localrealtor #realestatequestions #realestatelife #foreverhome #realtorsofig #makethemove #househunting #realestateexperts #moving #homegoals #homeforsale

Establish your goal, rise to the challenge, and co

Establish your goal, rise to the challenge, and conquer the real estate world! 🎯🏠

✨ Whether you're a first-time homebuyer, an experienced investor, or a seasoned flipper, setting clear goals is the key to success. For example:

1️⃣ Building equity: Invest in a fixer-upper, add value through renovations, and watch your net worth grow. 🛠️💰
2️⃣ Generating passive income: Acquire rental properties and enjoy a steady cash flow. 🏘️💸
3️⃣ Diversifying your portfolio: Explore commercial, residential, and mixed-use properties. 🏢🏡🏬
4️⃣ Achieving financial freedom: Create a long-term real estate plan that supports your desired lifestyle. 🌴🕶️
5️⃣ Leaving a legacy: Build generational wealth through strategic property investments. 🌳👨‍👩‍👧‍👦

Dream big, set SMART goals (Specific, Measurable, Achievable, Relevant, and Time-bound), and embark on your real estate journey with determination!

#realestate #realestateagent #localrealtor #realestatequestions #realestatelife #foreverhome #realtorsofig #makethemove #househunting #realestateexperts #moving #homegoals #homeforsale

🌸 𝑂𝑝𝑒𝑛 𝐻𝑜𝑢𝑠𝑒 🌸 S

🌸 𝑂𝑝𝑒𝑛 𝐻𝑜𝑢𝑠𝑒 🌸
Saturday, April 22nd from 12-2pm.
4 Boyle Rd., Glenville, NY 12302

Please join @kae_upstaterealtor and I to tour this magnificent Home.

#rotterdamrealtor #brasstacs #allthingsfamilyandhome #yourrealtorforlife #capitalregion #realestateagent #openhouse

Wow wow wow!!

𝐿𝑎𝑡𝑒𝑠𝑡 𝐿𝑖𝑠𝑡𝑖𝑛𝑔... 💗

4 𝐵𝑜𝑦𝑙𝑒 𝑅𝑑., 𝐺𝑙𝑒𝑛𝑣𝑖𝑙𝑙𝑒, 𝑁𝑌 12302

4 Bed 🛏️
(currently 3 bed and Master walk-in closet.)
2.5 Bath 🛁
Family room • Living Room • Dining Room • Den
Kitchen
Tons of Storage
Garden 🪴
Hot Tub
Deck & Patio
2 Car Garage 🚗
Glenville Schools🏫

Looking for more information? Contact me directly at 📲518-378-3987

#rotterdamrealtor #brasstacs #allthingsfamilyandhome #yourrealtorforlife #realestateagent

𝐿𝑎𝑡𝑒𝑠𝑡 𝐿𝑖𝑠𝑡𝑖𝑛𝑔... 💗

4 𝐵𝑜𝑦𝑙𝑒 𝑅𝑑., 𝐺𝑙𝑒𝑛𝑣𝑖𝑙𝑙𝑒, 𝑁𝑌 12302

Did your eyes just light up? 🤩 Long time clients are relocating 🥹 in turn… likely making your dreams come true.

4 Bed 🛏️
(currently 3 bed and Master walk-in closet.)
2.5 Bath 🛁
Family room • Living Room • Dining Room • Den
Kitchen
Tons of Storage
Garden 🪴
Hot Tub
Deck & Patio
2 Car Garage 🚗
Glenville Schools🏫

Looking for more information? Contact me directly at 📲518-378-3987

#rotterdamrealtor #brasstacs #allthingsfamilyandhome #yourrealtorforlife #realestateagent

🐰🐣 Happy Easter to those who celebrate! 🌷

🐰🐣 Happy Easter to those who celebrate! 🌷🌼

Here are some tips to make the most of this holiday:

🥚 Take time to appreciate the simple things in life, like spending time with loved ones and enjoying good food.

🌸 Embrace the spring season and go for a walk outside to soak up the sunshine and fresh air.

🍫 Indulge in some sweet treats, but don't forget to balance it out with some healthy choices.

🐇 Spread the joy by performing a random act of kindness for someone in your community.

Remember to have fun, stay safe, and enjoy this special day! ❤️🐰🌷

#happyeaster #easter

Heidi Rotter | Real Estate Broker

Heidi@BrassTacsRealEstate.com

1301 Curry Rd, Schenectady. NY 12306