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Author: kahunacfa Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 126962  
Subject: Re: Debt-to-income ratio if self-employed Date: 3/24/2013 2:15 AM
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...Regarding your "business credit cards" if you personally guaranteed them (99.999% likely,) then they count.

And then I also have questions about how income is calculated. Do they use my Schedule C? I have a $2000 per year depreciation write-off from the original purchase of the business. Will that $2000 be considered part of my annual income for purposes of qualifying?
Yes, if its tight a good underwriter will add back in your depreciation. ...
- Dwdonhoff | Date: 2/11/2013 11:54:40 AM | Number: 124984

I have been self-employed as a Venture Capital Portfolio Manager since I "Retired" at the end of 1995 at 50. Lenders ALWAYS want personal guarantees of Business Debt. You just always have to do what I do -- Tell them to "Go Pound Sand!!!"

Kahuna, CFA
Founding General
Partner, VC Limited
Partnership 2012 - 2019
Kailua-Kona 96745
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