No W-2, Looking for Loan Options

[Cory M.]

I'm an American living and working overseas. My job has steady income, but no W2s and no pay stubs. I recently bought my first investment property with a conventional loan, but the lack of W2s and living overseas made it a bigger hassle. Are there any simpler loan options I should research as I start thinking about our next property?

[Robin Simon]

Do you own your primary residence overseas or have you owned a primary residence prior to going abroad? That might be the biggest hurdle - but otherwise, I'd check out "DSCR Loans" which are the perfect option for people like you looking to buy rental properties w/o W2 or DTI

Check out this 12-part guide published here on BP all about this loan option!

DSCR Loans: What Are They And How To Get The Best Terms

https://www.biggerpockets.com/...

DSCR Loans: How To Use Pro Strategies To Save More And Make More

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Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

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12 Frequently Asked Questions (And Answers) About DSCR Loans

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8 More Commonly Asked Questions and Answers to DSCR Loans

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What Documents Do You Need for a DSCR Loan?

https://www.biggerpockets.com/blog/what-documents-do-you-nee...

BRRRR Loans: What Are the Options, and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

https://www.biggerpockets.com/blog/short-term-rental-loans-a...

DSCR Loans: Terms to Know When Working With These Popular Rental Loan

https://www.biggerpockets.com/blog/dscr-loans-terms-to-know

What’s Next For DSCR Loans? Updates For 2024 and Beyond

https://www.biggerpockets.com/blog/what-is-coming-in-2024-fo...

What Are Current DSCR Loan Rates? Key Market Movers and How to Track Rates

https://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...

How Do DSCR Lenders Calculate Your Interest Rate?

https://www.biggerpockets.com/blog/how-do-dscr-lenders-calcu...