Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I have been self employed since 1994 and have never been out of work. I pay taxes and support myself. I've gone on 3 affordable housing interviews. Being self employed you're 'judged' based on 'net income' not gross income. It's very discouraging my deductions can change and that isn't even taken into consideration. My credit score wasn't looked it at nor my rent payment history. I was turned away based on 'net income' alone. Truly disappointed and feel I was treated unfairly.
They average the three most recent years of taxes, and that's where you fall in the income bracket, and then they do a calculation on your assets and add that to the average. That gives the total. Maybe you should look at how you're doing your taxes. They do put self-employed people through more paces, but it's not impossible to get an affordable apt just because you're self-employed, meaning straight 1099. Take a closer look on how you're calculating your net.
They average the three most recent years of taxes, and that's where you fall in the income bracket, and then they do a calculation on your assets and add that to the average. That gives the total. Maybe you should look at how you're doing your taxes. They do put self-employed people through more paces, but it's not impossible to get an affordable apt just because you're self-employed, meaning straight 1099. Take a closer look on how you're calculating your net.
My net was too low $<3k because of deductions which could change yearly. I have an excellent credit score and no debt. I couldn't get past their looking at my net income and not even considering my gross amount.
Next year, just try to take fewer deductions. Taking the hit by paying more taxes may pay off when you end up landing an affordable apartment. Trust me, I own my own business and I understand the plight of being a freelancer in this city.
I have been self employed since 1994 and have never been out of work. I pay taxes and support myself. I've gone on 3 affordable housing interviews. Being self employed you're 'judged' based on 'net income' not gross income. It's very discouraging my deductions can change and that isn't even taken into consideration. My credit score wasn't looked it at nor my rent payment history. I was turned away based on 'net income' alone. Truly disappointed and feel I was treated unfairly.
why on God's green Earth would they look at your revenue? That makes no sense at all who cares what your revenue is. You can go out and buy a million dollars worth of Amazon gift cards and sell them back on ebay for a million dollars and you're not any better off than you started and you're sure not going to be able to pay the rent
Last edited by BlakeJones; 03-30-2017 at 11:07 AM..
Aww that sux. They won't even let you live in something new and affordable, so I guess it is not affordable really. They want you to make even more so you can afford it smh.
Someone buying and selling things on Ebay might gross a $1mm a year but net $100,000.
A software consultant working in a home office might gross $200,000 and net $150,000
Gross has no meaning.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
