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 6 years ago,

User Stats

16
Posts
3
Votes
Beverly Hinds
  • Rental Property Investor
  • New York City, NY
3
Votes |
16
Posts

Need a Lender in Rochester New York

Beverly Hinds
  • Rental Property Investor
  • New York City, NY
Posted

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!!!

Loading replies...