@2stepps wrote:
Tax statements and bank deposits are what it sounds like you are looking for. Unfornetunly they will no longer do liar loans for a house anymore. Ah, the Clinton years.
I don't know what you're talking about. A self-employed individual has always had to provide proof of sufficient income in order to apply for and get a mortgage. Are you saying that the self-employed can no longer buy homes?
Anyway, to answer the OP's question about qualifying to rent an apartment (if that's what he/she is asking). You need your tax returns (minimum two years to buy a home, probably just one to rent an apartment, depending on the specific landlord or management company); a couple months' of bank statements; a YTD P & L statement (depending on how much income you can verify and how long you've been self-employed, they might take one you prepare yourself instead of a professionally prepared one); good credit score (it doesn't need to be over 700, but if any of the other areas are weak, it's better if you do); and a clean criminal record. Many of your better places require a criminal background check, but not all.
Not all places will require all of those things, but the fewer of them you're asked for if you're self-employed full time, the less likely you may be to want to live there.
If you have a steady part-time job (W-2) with reliable income to supplement your SE income, you can count that and it'll also make it easier to rent.
(P.S. I've been a Realtor, an apartment leasing agent, and a landlord, so I'm not talking out of my hat. Or other place -- LOL.)
I learn something new every day, but not everyday!
I've learned to never trust spell-check or my phone's auto-fill feature.
Edited 1 time(s). Last edit at 02/11/2020 01:14PM by BirdyC.