Startup founders: when buying property, were you required to show your startup's tax returns?
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Income from the business? What if you just pay yourself a salary?
Seems silly. It's reasonable to own 25% of other businesses and not have their tax returns.
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I think the UW sees it as you can pay yourself 1m/yr but if a business is only making 800k/yr you have a 200k liability on your hands that will need to be counted against you. Your paying yourself more than you’re making. UW is always going to take the most conservative approach.
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I see where you’re coming from as a consumer/borrower and as a lender I wish it was that way too!! 25% seems to be the line in the sand.
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