Updated over 6 years ago on . Most recent reply
Financing a rental - self employed
I am looking to buy my first rental. My question is the financing. I am a realtor in business for 7 years. 6 of those years were part time real estate. I went full time about 10 months ago. I was making around $100,000 per year from my full time job and averaged around $40,000 per year from real estate. Now I am real estate only and in 2019...year to date I have made around $80,000.
Is there a company that will finance a rental for me? Since I have gone full time and don't have a W2. I know I need 2 years self employment taxes to prove, but since I have been in real estate 7 years, can they use my past full time income to help qualify? Your responses are highly appreciated!
Most Popular Reply
Hey - you should definitely be talking to brokers. Let me know if you need a good recommendation to investor friendly ones.