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.
General Real Estate Investing
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 5 years ago,

User Stats

4
Posts
0
Votes
Mikhail S.
  • Real Estate Agent
  • MA | CT | NC
0
Votes |
4
Posts

Real Estate Agent buying Rental Property

Mikhail S.
  • Real Estate Agent
  • MA | CT | NC
Posted

Hey guys, looking for some advice. I have been a real estate agent since March of this year and I closed 3 properties and have at least 3 more buyers looking to buy this year. Previously I was working as project manager for a small construction company and I had a set salary. I worked at this company until April, 2019 and when my boss downsized I lost my job and have been a realtor full-time since then. I would like to get pre-approved for a loan to buy a rental property, but not sure the bank will approve me since my income has changed from W2 to commission based. Do I wait 2 years doing full time real estate to get approved? granted I will make good money or do I grab a full-time job, buy a property and go full-time real estate? 

Thanks

Loading replies...