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Updated almost 5 years ago,

User Stats

19
Posts
7
Votes
Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
7
Votes |
19
Posts

Full time to Part time while investing

Derrick Wortman
  • Rental Property Investor
  • Newton Falls, OH
Posted

Hey Guys, 

I just had a brief discussion with my Loan Officer about wanting to go from Full-Time at my current job to Part-time. They said that if I did that they would need proof of income for 2 years in order to fund additional deals, so essentially I couldn't buy more rental properties for 20% down for a whole 2 years, which makes no sense to me since I'm still with the same company. Is this common, and is there any work around for this? I reached the point where I want to spend more of my time on my properties. With my job my current debt-to-income ratio is 33%, working part time it would be around 38%. Thanks all!

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