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Updated almost 6 years ago,

User Stats

131
Posts
64
Votes
Sean Ridlon
  • Contractor
  • Melrose, FL
64
Votes |
131
Posts

Best option for the newly self-employed?

Sean Ridlon
  • Contractor
  • Melrose, FL
Posted

Hello, folks. I made the transition to self-employment in 2018. Recently sold a house for a nice little profit. I already own my primary residence out-right (paid cash) and have one rental with a note. Thing is, I’d like to pick up some rentals but I don’t know if financing will touch me. My credit score is over 700. My net income was 43% of gross for the business, but 2019 will be year two.

Should I buy more rentals with cash and worry about refi after I have two years in?

Or do you think I have other options?

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