"You haven't been a landlord long enough"

[Nathan Emmert]

How do you talk through that "issue" with lenders? I found a local credit union that would fund my first property and things went great. I went back about 2 months later to get funding on a 2nd property I found and apparently they got cold feet as I was "new".

I showed them my resume... running Government programs up to $50,000,000... team sizes of 120 engineers... full profit and loss responsibility... 3 college degrees including an MBA... but somehow they believe being a landlord on a property that is generated rents in excess of 4 times the P&I is going to be more challenging?

Have you guys found a good way around this issue? I have a meeting with another Credit Union tomorrow. At least this one is meeting me face to face. Unfortunately it's with their business unit which means the rates won't be as good but I figure I can swallow higher rates for a while until conventional opens up to me.[b]

Help me with your wisdom and experience! Thanks!