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.
Private Lending & Conventional Mortgage Advice
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 about 1 year ago,

User Stats

20
Posts
12
Votes
Brandon Gall
Pro Member
12
Votes |
20
Posts

Issues obtaining Conventional loan due to unique job

Brandon Gall
Pro Member
Posted

Hey, BP community, 

I am running into issues trying to obtain a conventional loan for a duplex. I currently own two duplexes and one single family in the area that cash flow well. I am an overseas government contractor with a good income. I have been in the career field for over a decade. I work two months on and two months off (this also makes closing tricky as I'm not paid while I am home even though I am a W2 employee). I am currently in my second rotation on an "indefinite contract". Before this, my wife and I went on a two-year sabbatical to go sailing. Before that, I was doing the same contract work and rotation schedule for three years just with a different company. 

The problem continues to be I don't have a year's worth of employment records to appease the Fannie Mae requirement. Are there other options to obtaining a loan? Could I use my LLC that the properties are in as a year's worth of income, supplemented with my current personal income? The lender I have been working with hasn't come up with any solutions other than it can't be done.

Would love to hear your guys' input. 

Thank you BP community and happy holidays!

-Brandon

  • Brandon Gall
  • Loading replies...