Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago, 06/05/2020

User Stats

17
Posts
3
Votes
Scott Raynor
  • Rental Property Investor
  • Central New York
3
Votes |
17
Posts

Pay reduction due to COVID and my first duplex under contract-UGH

Scott Raynor
  • Rental Property Investor
  • Central New York
Posted

After years of dreaming I've finally got up the nerve to pull the trigger in the real estate investment game.  I've my first duplex under contract and I'm psyched!

Unfortunately, I was just notified by my employer I'm taking a temporary (5 month) 20% pay reduction because of the impact COVID has has on my industry. I've already got the financing in place with a FHA loan. Do I notify my lender or just roll with it and hope they don't ask to verify my salary just before closing?

Loading replies...