Thinking ahead

[Kevin Felger]

Currently I work full time and my wife is self employed.  We currently have two single family homes we rent out.  The second house we just got up and running.  

In the next 6 months I would like to quit my current job and then 

A. help my wife with her job, so I would be self employed.

and 

B. When we have enough money saved potentially take another loan out and buy a third property.

MY QUESTION: Since we will be both self employed will that make it super difficult to get a loan?  If so what options do I have...?

Thanks!

[Dawn Anastasi]

Yes it will be harder to get a loan when you are self-employed.  Typically the lenders want to see 2 years of tax returns when you're self employed.  Also 2 years of rental property income.