I DIDN’T GET APPROVED TO BUY MY 2ND PROPERTY.

[Erika Caba]

Hello everyone,

I’m new to this website and I want to share with you something that happened to me back in May. As of now, I owned a duplex, and rent them. I get a good cash flow from them every month. On May I decided I wanted to buy a single home, but at the end when closing date was near the bank notified me I didn’t qualify to get a conventional loan since I’m an independent contractor since Feb 2019, they thought I was an employee. I got denied. Is there other way to get a loan to buy my next property?

Thank you for your help.