Hello, everyone! My family has been learning about real estate and we have been planning for our first rental purchase. We are planning on selling our current house and doing a house hack after it sells (waiting on insurance to pay for some roof damage repair on our current home before listing).
I work as an engineer in aerospace; I was recently provided with job offers (W-2) with two different companies and was wondering how accepting a new job offer may impact my ability to obtain traditional financing.
The new jobs I have been offered are in the same general field and are similar to my current one, but the primary difference is that they are with smaller consultancies. From a details perspective, I would have the same base salary, similar benefits, and a slightly different bonus structure with a greater potential payout. The biggest contrast is the company size (my company has thousands of employees, whereas the new offers are small businesses of <20) and age (current company has been around for over a hundred years, whereas the consultancies are less than ten years old). The companies have solid financials and allegedly have a strong backlog of work and good cash reserves.
I was curious if anyone could help me understand what impacts, if any, there would be in obtaining traditional financing based on if I chose to switch to one of these other jobs.
Thanks in advance!
-Dan
