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Updated about 10 years ago on . Most recent reply

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Geff Acosta
  • Dallas, TX
0
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Is getting a new job going hurt me in attaining a loan?

Geff Acosta
  • Dallas, TX
Posted

Hi guys need info, starting a new job pretty soon. I'm interested in buying my first rental property, just concerned on qualifying for a loan. I rent and I do not have a mortgage currently, have good credit and 20% down.  This being said should I be worried? If so how long before I can get a loan?

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1,843
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Franklin Romine
  • Visalia-Fresno, CA
863
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1,843
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Franklin Romine
  • Visalia-Fresno, CA
Replied

@Geff Acosta It could hurt you if you are changing industries and were not at your previous job very long.  When you are in accumulation mode buying properties and have a good full time w2 J O B... sometimes it is worth the pain to keep accumulating.

Frank

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