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Updated almost 8 years ago,

User Stats

8
Posts
5
Votes
Jayme Carlson
  • Investor
  • Belvidere, IL
5
Votes |
8
Posts

Financing property now that I'm self-employed

Jayme Carlson
  • Investor
  • Belvidere, IL
Posted

I quit my job in December to go out on my own as a handyman. I'm not taking out any loans to start my business as I saved up enough to start. I've got verifiable income from the last several years but there's no way to say for sure how much I'll make this year being self-employed. I'm curious how that will effect my ability to finance my rental property purchases in the future, mainly this year. I already own 1 duplex and I'm looking to purchase a 4-plex this year. Will I have trouble getting financing? I was looking at doing a 203K loan for the 4-plex. Is there anything I can do right now to better my chances for approval? 

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