Updated over 3 years ago on . Most recent reply
Accessing financing without "qualifying income"
I recently left my full-time day job to fully commit to being a real estate agent, but I just learned from my lender that despite being in a very healthy financial position, I am not eligible for traditional financing since I need 2 years of income-- which I unfortunately don't have now that I left my day job.
Do you all have recommendations for how I can access financing? My general financial portfolio is strong, but I'm not certain on how I can leverage/present that to lenders so that I can access money for real estate investments. Is the best practice to take out a HELOC or are there other ways I'm not aware of?