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Updated over 4 years ago, 04/25/2020
FYI Just talked to a banker 4/24/20. NO SOUP FOR YOU!
Lots of new people to real estate are always like. What should I do? fix, flip, wholesale, rent, invest, sandwich lease, CFD,..... ahhhhh! What to do?!
CALL A BANKER STEP#1.
Just took my own advice. Wouldn't the world be alot better if everyone took their own advice :)! ha
Until I'm back working getting w-2 income, banker said NO SOUP FOR YOU COME BACK 1 YEAR! (or at least when you're not unemployed)
https://www.youtube.com/watch?v=zOpfsGrNvnk
According to this banker. Current banking guidelines are they can't count unemployment.
& so ends my quest for another property at least for another month or so.
If any unemployed person, can't count their income during this and unemployment is >20%. Can't imagine this not crushing the RE @ least near term. In 100 years I'm sure RE will be back where it was (sarcasm) maybe 3 years :)