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Updated over 3 years ago on . Most recent reply

Gregory J Galica Sr's profile image
Gregory J Galica Sr's profile image
Gregory J Galica Sr
  • New to Real Estate
  • from Chicago, IL
  • Member since Jul 27, 2021
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Gregory J Galica Sr's profile image
Gregory J Galica Sr's profile image
Gregory J Galica Sr
  • New to Real Estate
  • from Chicago, IL
  • Member since Jul 27, 2021
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Gregory J Galica Sr
  • New to Real Estate
  • Chicago, IL
7
Votes |
15
Posts
Personal Finance

Switching W-2 Jobs near Chicago

Gregory J Galica Sr
  • New to Real Estate
  • Chicago, IL
Posted

My W-2 Job is a Truck Driver and I have an opportunity to switch to a different company that will pay me more for my experience. Would this affect my ability to get financing for real estate deals in the future or would a banker look at the higher pay as a good thing?

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Michael J Scanlon's profile image
Michael J Scanlon's profile image
Michael J Scanlon
  • Realtor
  • from Chicago, IL
  • Member since Sep 19, 2019
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Michael J Scanlon's profile image
Michael J Scanlon's profile image
Michael J Scanlon
  • Realtor
  • from Chicago, IL
  • Member since Sep 19, 2019
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Michael J Scanlon
  • Realtor
  • Chicago, IL
152
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222
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Michael J Scanlon
  • Realtor
  • Chicago, IL
Replied

The higher pay is a good thing. However, if you have any commission/bonus based income as part of your pay, they can only count the base salary for the first year of a job change within the same industry (2 if changing industries). 

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