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Updated over 3 years ago on . Most recent reply

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Jordan Spoerri
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In contract but want to switch jobs

Jordan Spoerri
Posted

I am under contract for a new construction short term rental property and have been under contract since Feb. They have not started construction since there have been some permitting issues with the land. I was planning on financing it once it was complete. The current job I have has become toxic over the last 6 months and I have been offerend an opportunity to start my own business from family ( kind of like a franchise of a business they already are doing) which will then put me not as a W2 worker and I dont think I would qualify for the home. I am kind of stuck with what to do and how I would go about still being able to get financing once the home is complete if I do not have a W2 job but a 1099 job. What would you recommend I do in order to get out of the toxic situation I am in and still be able to get the house 6 months from now. 

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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
18,560
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

You are very unlikely to get financing if you take this new position. Pick one or the other.

  • Joe Splitrock
  • Loading replies...