Updated over 5 years ago on . Most recent reply
Full time to Part time while investing
Hey Guys,
I just had a brief discussion with my Loan Officer about wanting to go from Full-Time at my current job to Part-time. They said that if I did that they would need proof of income for 2 years in order to fund additional deals, so essentially I couldn't buy more rental properties for 20% down for a whole 2 years, which makes no sense to me since I'm still with the same company. Is this common, and is there any work around for this? I reached the point where I want to spend more of my time on my properties. With my job my current debt-to-income ratio is 33%, working part time it would be around 38%. Thanks all!