Owning an adult business and obtaining a home loan - GoFuckYourself.com

Bladewire · 09-23-2011, 10:41 AM

What has your experience been with getting a home loan as a business owner with your business being in the adult industry?

It seems the more I pay in taxes the better my numbers on line 31 of the schedule C , and the more I qualify for.

What has your experience been?

Chris · 09-23-2011, 10:55 AM

there was a thread about this a few months back

think of it this way

Remove "adult" from the title of this thread and you are no different than any other business owner attempting to get a home loan

If you do not have a company set up that you draw a salary from then just have a few years of tax returns handy for the bank

chris

BareBacked · 09-23-2011, 11:01 AM

lots of ways to make it easier on your self for this.
Bad part you have to set them up before you want the loan.

2MuchMark · 09-23-2011, 11:02 AM

I have had absolutely no problems with the 2 banks I deal with. They know we're in adult and don't care. My bank manager loves me, and never felt for a second they would drag their feet for anything we ever wanted.

Grapesoda · 09-23-2011, 11:03 AM

Quote:

Originally Posted by Squirtit

What has your experience been with getting a home loan as a business owner with your business being in the adult industry?

It seems the more I pay in taxes the better my numbers on line 31 of the schedule C , and the more I qualify for.

What has your experience been?

I file as a producer photographer and never mention adult

FlexxAeon · 09-23-2011, 11:05 AM

done plenty of tax returns and bank transactions, classified as 'web development' anytime they ask

ilnjscb · 09-23-2011, 11:13 AM

Quote:

Originally Posted by BareBacked

lots of ways to make it easier on your self for this.
Bad part you have to set them up before you want the loan.

What are they?

BareBacked · 09-23-2011, 12:38 PM

Quote:

Originally Posted by **********

I have had absolutely no problems with the 2 banks I deal with. They know we're in adult and don't care. My bank manager loves me, and never felt for a second they would drag their feet for anything we ever wanted.

Getting the best rate for a home loan and using your local bank generally do not go hand in hand.

Due · 09-23-2011, 12:49 PM

It's no more problematic than if you had a non adult business.

If you are self employed they need 2 years of tax returns and take the average to see what you make per month.

If you pay yourself a salary it's a lot easier, just show your pay stubs

Just went through the entire process for a mortgage as we are building a new home

~Ray · 09-23-2011, 12:51 PM

put more money down and go the "no doc" route. Don't show them anything if you don't want to. Usually 55-60% LTV, so you would have to put about 40-45% down

venus · 09-23-2011, 12:52 PM

are you incorporated ?
if so then yur an employee and its just like working for any other company. I have buoght several homes, cars and wha not, never an issue... of course I dont say I am an adult wesite owner, the type of business is irrelevant, you just put down your job position, web deleloper, website management, photographer, graphic artist, network administrator...its your business, you give yourself what ever position you want

Quote:

Originally Posted by Squirtit

What has your experience been with getting a home loan as a business owner with your business being in the adult industry?

It seems the more I pay in taxes the better my numbers on line 31 of the schedule C , and the more I qualify for.

What has your experience been?

Zoxxa · 09-23-2011, 12:56 PM

Pay a shady mortgage broker $1k like I did, he worked his magic and got me a sweet interest rate much lower than the banks could offer.

ilnjscb · 09-23-2011, 06:13 PM

Quote:

Originally Posted by venus

are you incorporated ?
if so then yur an employee and its just like working for any other company. I have buoght several homes, cars and wha not, never an issue... of course I dont say I am an adult wesite owner, the type of business is irrelevant, you just put down your job position, web deleloper, website management, photographer, graphic artist, network administrator...its your business, you give yourself what ever position you want

Not always true, I did this and would have had to give all kinds of paperwork on the business

tony286 · 09-23-2011, 06:18 PM

if its not hot cum and big tits inc. how would they know? I got a mortgage no problem.

bDok · 09-23-2011, 06:19 PM

You run a business. Generally you will find you need to show income for the past couple years. After that easy. Like zoxxa said and what I did was had a friend that was a broker that dialed me into an awesome rate fixed. Shopped my shit all around and then I picked the deal.

09-23-2011, 10:41 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,229	Owning an adult business and obtaining a home loan What has your experience been with getting a home loan as a business owner with your business being in the adult industry? It seems the more I pay in taxes the better my numbers on line 31 of the schedule C , and the more I qualify for. What has your experience been? __________________ Skype: CallTomNow Last edited by Bladewire; 09-23-2011 at 10:49 AM..

09-23-2011, 10:55 AM	#2
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	there was a thread about this a few months back think of it this way Remove "adult" from the title of this thread and you are no different than any other business owner attempting to get a home loan If you do not have a company set up that you draw a salary from then just have a few years of tax returns handy for the bank chris __________________ [email protected]

09-23-2011, 11:01 AM	#3
BareBacked Confirmed User Join Date: Feb 2007 Location: www.BareBacked.com Posts: 3,685	lots of ways to make it easier on your self for this. Bad part you have to set them up before you want the loan. __________________ NEW SITE PAYING $30 for a $1 TRIAL Selfies

09-23-2011, 11:02 AM	#4
2MuchMark Videochat Solutions Industry Role: Join Date: Aug 2004 Location: Canada Posts: 48,808	I have had absolutely no problems with the 2 banks I deal with. They know we're in adult and don't care. My bank manager loves me, and never felt for a second they would drag their feet for anything we ever wanted. __________________ Custom Software \| Server Management \| Integration and Technology Solutions https://www.2much.net

09-23-2011, 11:05 AM	#6
FlexxAeon Confirmed User Industry Role: Join Date: May 2003 Posts: 3,765	done plenty of tax returns and bank transactions, classified as 'web development' anytime they ask __________________ flexx [dot] aeon [at] gmail

09-23-2011, 12:49 PM	#9
Due Confirmed User Industry Role: Join Date: Mar 2001 Location: Murrieta, CA Posts: 3,620	It's no more problematic than if you had a non adult business. If you are self employed they need 2 years of tax returns and take the average to see what you make per month. If you pay yourself a salary it's a lot easier, just show your pay stubs Just went through the entire process for a mortgage as we are building a new home __________________ I buy plugs Skype: Due_Global /Due

09-23-2011, 12:51 PM	#10
~Ray visit hardlinks.org Industry Role: Join Date: Jun 2003 Location: Las Vegas , Nv >>> [email protected] or icq 94994627 anytime Posts: 18,362	put more money down and go the "no doc" route. Don't show them anything if you don't want to. Usually 55-60% LTV, so you would have to put about 40-45% down __________________ Adult Backlinks for Adult Websites - Testimonials Available

09-23-2011, 12:56 PM	#12
Zoxxa Confirmed User Industry Role: Join Date: Feb 2011 Location: Ontario, Canada Posts: 1,026	Pay a shady mortgage broker $1k like I did, he worked his magic and got me a sweet interest rate much lower than the banks could offer. __________________ [email protected] ICQ: 269486444 ZoxEmbedTube - Build unlimited "fake" tubes with this easy 100% unencoded CMS!

09-23-2011, 06:18 PM	#14
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	if its not hot cum and big tits inc. how would they know? I got a mortgage no problem.

09-23-2011, 06:19 PM	#15
bDok Confirmed User Join Date: Feb 2005 Location: SD/OC/LA Posts: 1,917	You run a business. Generally you will find you need to show income for the past couple years. After that easy. Like zoxxa said and what I did was had a friend that was a broker that dialed me into an awesome rate fixed. Shopped my shit all around and then I picked the deal. __________________ =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= Warriors come out to plaAAaayyy! =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=