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Updated over 8 years ago on . Most recent reply

User Stats

46
Posts
5
Votes
Keith Fowler
  • Flipper/Rehabber
  • Pensacola, FL
5
Votes |
46
Posts

How do I get more multifamily financing after a quit my job?

Keith Fowler
  • Flipper/Rehabber
  • Pensacola, FL
Posted

I'm just about to close on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.

My goal is to eventually shift my focus to my small business. I currently work two week shifts in the oil industry, and during my time off I have been building a home improvement business. I forsee my home business replacing my current job in the next year.

When I leave my current company I want to move my capital from mutual funds to investment properties. I will have about 20,000$ on hand after taxes and fees. I found a few properties for under 100K that can cash flow 1000$ every month.

Do you think I would be able to get financed for an investment property without having 2 years of tax returns from my business? 

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