Getting Financing after Quitting W-2

[Matt Cox]

Hello BP Members,

I am an investor mostly focused on building a rental portfolio (not flipping) here in Portland, OR. I own a handful of properties here in Oregon as well as one out in Kansas City. I also work a full time W-2. My goal is to quit my W-2 but the thing holding me back is that I need it for my debt/income ratio in order to get financing. 

Aside from that, I have plenty of cash, home equity, great credit, etc....

So far my strategy has just been to continue building rental income until I have enough to be able to exclusively use that rental income to get loans. This strategy is working well, but will take a bit more time. Does anyone have anything else they've done in order to quit their W-2 more quickly while still maintaining the ability to get loans? I know commercial loans are an option, but my preference would be NOT to have to buy in 5 unit transactions.

Thanks!

[Brian Garrett]

Commercial loans don't require you to have to buy in 5+ unit transactions.

They are available for 1-4 unit properties as well so they are still an option.