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Updated over 3 years ago on . Most recent reply

User Stats

15
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7
Votes
Gregory J Galica Sr
  • New to Real Estate
  • Chicago, IL
7
Votes |
15
Posts

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?

Most Popular Reply

User Stats

222
Posts
152
Votes
Michael J Scanlon
  • Realtor
  • Chicago, IL
152
Votes |
222
Posts
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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