Buying your next property

[Robert Gibbons]

Hi all,

I have been investing in real estate for the last few years ago and have acquired a few properties in the northwest using the brrrr method. I have recently left my w2 paying job purchased a small multi family unit and moved across the states to a new market. I have a few short term and long term rentals. I am looking to purchase another small multi family property shortly, but have some questions about loan options for people without a w2 income. Any input would be helpful

Thanks

[Taylor Dasch]

Wow you are killing it - a few years and your already able to leave your w2 that is hard work! It sounds like your going to have to search for a good loan officer or use a mortgage broker. This is the main reason I'll be at my w2 a couple more years because I want to be sure I can get investment properties to cover my salary. You could likely just google self employed mortgage loans, I have seen bank statement loans where they go off of what you have been putting into your bank account (if I understand correctly- have not done much research on this ). Also I'm not too sure how much equity you have in these, but you could use a HELOC and just pay cash. You can also look into a portfolio loan which I believe is based more off of cash flow than income. Hope this helps! Keep getting after it!