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Updated over 4 years ago on . Most recent reply

User Stats

27
Posts
12
Votes
Michelle Paulsen
  • Rental Property Investor
  • Boston, MA
12
Votes |
27
Posts

Quit my job or wait it out?

Michelle Paulsen
  • Rental Property Investor
  • Boston, MA
Posted

I love my current job but my current job is a contract position aka “temp”. I have talked to several lenders and they deny me loans because I have a contract position job. I make really good money at my job and contracted out for a year with probable extension. I have great credit and a good amount of cash saved up (but would prefer not to put 20% down). My question is do I try to find a different full time job or wait out the 2 years needed in a temp position?

Has anyone been in this situation before? What to do? Owning multifamily properties has been my goal for a long time and I am ready to start my investing, but in a dilemma.

Comments are appreciated! Thank you!

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