A self-employment verification letter from a CPA confirms that the CPA has prepared or reviewed the applicant’s tax return and acknowledges their self-employment status. It’s often needed by third parties to verify income for the approval to rent or purchase real estate properties.
Most lenders require the CPA to be licensed. There is an IRS directory to find and confirm the licensing and certification of a CPA.
Most importantly I think it depends on a cash flow. It has to be always positive (to be safe), and then you will figure out how much you can afford – single family or multi-family house.
Hi Gustan, I have more questions to you. May we schedule a call for any day at your convenience? Thank you
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