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Updated about 6 years ago,
Need a Lender in Rochester New York
Hit a snag in my investment goals :
Scenario ;
I have 85k Saved to invest
I made 6 figures in 2018
Have 60k in equity in my existing rental property in Nassau county New York
Good Credit
BUT ....
I lost my job last month and I’m concerned lenders will give me a hard time for not being employed, although I do have a small business that is brining me at least $3000 a month in profit.
QUESTION:
Will a 1099 and w2 be sufficient?
Will this be a problem for me with obtaining Hard money loans ?
Will I be able to refinance without a “Job?”
Really concerned that this sudden loss of
Employment will put a Stop to my Investing Plans and goals
Can someone point me in the right direction or help
Me find a strategy to obtain a loan despite this slight issue
Thanks BP Fam!!!