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Updated over 2 years ago on . Most recent reply

User Stats

20
Posts
38
Votes
Austin Shade
  • Rental Property Investor
  • Pomona, CA
38
Votes |
20
Posts

Here’s my problem (Getting a Loan)

Austin Shade
  • Rental Property Investor
  • Pomona, CA
Posted

So I'm a young 24yr old dude who bought his first cash flowing rental property in Ohio and receiving a nice 14% ROI. I want to buy more real estate but the problem I have is my current income. I make about 75k a year from 95hrs a week. Im about to switch to a higher paying union construction job that will pay me 120k for 50hrs a week and lots of overtime is available to me. Once I get the new job I'll have the income I need to get serious and be able to buy more properties way faster but once I do I'll lose the work history and will be unable to get a standard loan. Is there any way around the 1-2yr work history requirement? Please help.

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