Starting out in Milwaukee

[Ryan Lindberg]

Hello, I’m just starting out in the Milwaukee area and I’m looking to buy and hold duplexes. I’m not set on that and I am open to other strategies like single family homes. After doing some research I am concerned about qualifying for a loan. I’m a former teacher and now I’m driving for Uber and Lyft full time. My income is comparable to my previous salary but it seems difficult for gig economy workers to get loans. I would appreciate any advice for starting out and qualifying for loans. Thank you in advance!

[Brock Mogensen]

I also live and invest in the Milwaukee area. I don't have much experience or knowledge about gig economy worker qualifications but a strong relationship with a bank can go a long way.  I'd recommend setting up calls with several local banks and explain your situation.  Take the time to prepare a case for yourself along with a PFS that you can send them.  Community/local banks have a lot more leeway when it comes to loan qualifications.