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Updated almost 11 years ago on . Most recent reply
Financing for full time investors
Hello everyone.
I'm a newbie on this forum and very interested in learning more.
I have 2 questions:
- Are you a full time real estate investor?
- If so, how do you get financing?
I am going that direction in a few months and wanting to know if we can still buy more invesment properties with that thing called paystub and W2.
Would appreciate feedback.
Thank you!
Most Popular Reply
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Fulltimer
I have about 5 years of good tax returns with rental income. Each year showing a growth in rental income. It is kind of interesting see my W2 income decrease and the rental income increase. 2013 is my last year for a w2. I'm not expecting or wanting a w2 ever again.
I'm in the process of refinancing some portfolio loans into a commercial loan. Not once have they asked me for a w2 or why I left my J O B last year. A year ago things might be different. The timing of leaving your job has to be right.
Don't expect to leave a job and think the lenders will hand you loans unless you have some sources of consistant cashflow, not cash sitting in a banks.
Do you have a portfolio already started or?