Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 4 years ago on . Most recent reply

User Stats

15
Posts
11
Votes
Patrick V.
11
Votes |
15
Posts

Will I get better rates if I have a full time high paying job

Patrick V.
Posted

Hey all! 

My intro post covers it a bit more but I am planning on quitting my job and going full time in to real estate.

I figure prior to quitting I should lock down a property w/ conventional financing since the bank will give more favorable rates if they see I have a large paycheck and W-2. Is this a valid assumption? Does this apply to both investment and residential loans? 

I would prefer to purchase and renovate my next property after quitting since I will have full time to renovate it myself, etc. but if my assumption is correct I should purchase it while still working full time.

Thanks for any information!

Loading replies...