Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Financing First Deal (employment history)
Hope this is in the right forum.
I will be travelling for an extended period of time after which I will focus on my first deal. I have a concern with financing this deal.
Let's say I have a solid employment history of 5+ years, take 6 months to travel, then work for another year at which time I intend on purchasing a property.
What issues can I expect to run into when trying to obtain financing? Will lenders want me to work another year to show 2 years of employment?