How do I get more multifamily financing after a quit my job?
I'm just about to close on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.
My goal is to eventually shift my focus to my small business. I currently work two week shifts in the oil industry, and during my time off I have been building a home improvement business. I forsee my home business replacing my current job in the next year.
When I leave my current company I want to move my capital from mutual funds to investment properties. I will have about 20,000$ on hand after taxes and fees. I found a few properties for under 100K that can cash flow 1000$ every month.
Do you think I would be able to get financed for an investment property without having 2 years of tax returns from my business?