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Updated almost 4 years ago on . Most recent reply

User Stats

18
Posts
7
Votes
Joshua Zdunich
  • San Diego
7
Votes |
18
Posts

Quitting my W-2 job, qualifying for a mortgage.

Joshua Zdunich
  • San Diego
Posted

I'm a bartender making around 100k/year, I'm also a part-time construction worker.   I've managed to save 400k and have 4 rentals that cashflow about 2k a month.   My strategy has been B.R.R.R.R. so far and would love to continue with that.  My bartending job takes up most my time working 5 days a week, I would love to quit so I can focus on real-estate.  My concern is qualifying for loans with no W-2.   Anyway around that? Thanks for your time!

Most Popular Reply

User Stats

24
Posts
8
Votes
Tarah Fernandes
  • Rental Property Investor
  • Dallas, TX
8
Votes |
24
Posts
Tarah Fernandes
  • Rental Property Investor
  • Dallas, TX
Replied

We just quit our W2s and are using lenders who loan based on 'asset performance' - just like what @Jeff Langley mentioned.  No income verification, it's just based on the asset and a good credit score.  We found a few of our lenders via Facebook on our local investor group pages.  

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