Beginner Financing Problem

[Justin Megna]

I want to begin building a buy and hold investment portfolio. I was planning to leave my current full time job, relocate to Michigan, and work part time in a family business. I was planning to supplement my income with other freelance or part time work while working toward buying my first property.

However, I just received word from a lender at a credit union that they won't count income from a part time W-2 position unless I've had it for at least two years. So my work in the family business wouldn't support me getting my first mortgage - at least not from that lender.

Will I encounter the same problem from other lenders? Is there any way around this full time W-2 income lending problem? Or am I going to have to figure out how to have full time income if I want to start to buy and hold?

[Patrick Snyder]

@Justin Megna

Do you own or rent now? Any chance you would qualify for a loan right now? You could buy a "vacation "home in Michigan before you relocate...