If I Quit my Job Will Refinancing be an Issue?

[Brett Robinson]

I am currently at a job making a really great yearly wage. Around 150K a year. So getting approved for mortgages is no issue yet. My question is after I scale up and make enough cash flow to sustain my life style I’d like to quit this job. After I do that will refinancing become a real issue as all I will be living off of is cash flow from my rental properties. Not sure how this works but I can see it being a problem in my “master plan”. Any advice or insight is appreciated.

[Ali Boone]

You most likely won't qualify for a while, unless your rental income is that high and has been steady for a while. But one option is if you get a co-signer [and work with an investor-friendly lender), then you can do it. I did this after I quit my W2 job, specifically on two refis actually, and it worked great while I couldn't do it on my own.