New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
MLB player struggling to get approved
I am currently a professional baseball player for the Chicago White Sox. With that being said it is extremely hard to get loans from the bank due to only having seasonal income. I was fortunate enough to get approved last year after making my MLB debut, I guess making myself seem more convincing.
I purchased a two bed two bath condo in Carolina Beach and will be renting this unit out for the summer. After realizing the amazing benefits of this I would love to continue to invest more into real estate! Do you have any advice on the best ways to get approved from the banks with a seasonal income? I'm currently looking to purchase another vacation rental, or a multi home that my significant other and I are willing to do all management. I'm extremely blessed that she holds a Northwestern degree and is a professional photographer and marketer ....believe it or not this is my passion above baseball.
From the research I have personally done it seems that my only options are partner investing such as peer to peer funding. Are there any other ways? I'd love to hear your thoughts. Thank you all !!!