Mic
Posted : 7/3/2006 9:46:45 AM
Is it a busy bar? I tended bar for four years during college, and loved it (made a ton of cash as well). I would give it a few weeks to see how it goes. Just get a mixology book, and fake your way through it. Most patrons are nice enough to help you though the drinks as well.
As far as being paid under the table...all that really matter is what you claim on your taxes. For instance, servers incomes are mostly tips that only get recorded if they are claimed. Servers can get loans that include there tipped income.
Another option is a light doc loan. This means the bank can use your checking account info to help you qualify. They total your deposits to see what you income was. When I got my first mortgage I was self employed for less than a year. Banks do not much care for that. They reviewed my bank statements and I got a light doc loan.
I would also probably only work off the books if the income was pretty substantial. Otherwise, it isn't worth the hassle.