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Updated over 3 years ago,

User Stats

55
Posts
18
Votes
Michael Mackney
Pro Member
  • New to Real Estate
  • Long Island
18
Votes |
55
Posts

Preapproval with a per diem income?

Michael Mackney
Pro Member
  • New to Real Estate
  • Long Island
Posted

Hey BP community. I am a dentist (first year in the real world) and am on a production-based salary. I went to get preapproved by a lender for my first investment property and she stated that I need at least one year of income with a  per diem salary before I can be pre-approved. Is this a common occurrence with commission/production-based jobs? And what other routes are possible instead of waiting for a year. Let me know, thanks! 

  • Michael Mackney
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