Hello my fellow Real Estate Investors!
I am a beginner as I have not yet invested in any properties. I am really interested doing real estate investments and have been using all my free time learning the ins and outs of investing. My only issue is that my husband just started a new job about a month ago and were scared that might be a issue. We own our own house and were going to use the equity as a down payment. I have contacted the bank and they would like to see a few things so that they could put some numbers together. Do you think this might be an issue? I work part-time but do you think him just starting out a job might be an issue for getting a mortgage for an investment property ?
@Patricia Townsend as long as your husband has a stable work history, a job change isn't that big of a deal. Where it might come into play is if there is a big jump in pay, or a long unemployment gap, then they might ask for additional clarification.
Thank you for your input. He got laid off for a few months during the winter. Thats the only gap he has ever had. I am not sure if that will be a problem!
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