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Updated about 6 years ago,

User Stats

17
Posts
4
Votes
Mateusz Skiba
  • Rental Property Investor
  • Chicago, IL
4
Votes |
17
Posts

Will working for myself make it harder for me to get loans??

Mateusz Skiba
  • Rental Property Investor
  • Chicago, IL
Posted

Currently I work for a company but i plan on becoming a subcontractor. As a subcontractor i will still have a boss and i will be working with a crew. Checks will be paid out every week. Checks will mostly be the same every week but may slightly vary due to the weather because my job requires us to work outdoors. Me being a subcontractor and having my own "company" or llc just means im responsible for myself on the job site, and having my own insurance (instead of the boss being responsible for it)I have been working in this industry for over two years now. Working for a company has made getting loans for properties easy the past 2 times i have applied. My question now is, will being a "subcontractor" make it more difficult for me to get approved for loans, even though my income will be steady every week, and i've been in this industry for over 2 years???

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