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All Forum Posts by: Tenille Metti Bowling

Tenille Metti Bowling has started 1 posts and replied 2 times.

General Real Estate Investing

Post: Accessing financing without "qualifying income"

Tenille Metti BowlingPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 3
  • Votes 0

Very helpful, thanks Dan! 

0 Votes
General Real Estate Investing

Post: Accessing financing without "qualifying income"

Tenille Metti BowlingPosted
  • Real Estate Agent
  • Pittsburgh, PA
  • Posts 3
  • Votes 0

I recently left my full-time day job to fully commit to being a real estate agent, but I just learned from my lender that despite being in a very healthy financial position, I am not eligible for traditional financing since I need 2 years of income-- which I unfortunately don't have now that I left my day job.

Do you all have recommendations for how I can access financing? My general financial portfolio is strong, but I'm not certain on how I can leverage/present that to lenders so that I can access money for real estate investments. Is the best practice to take out a HELOC or are there other ways I'm not aware of?

0 Votes