I am currently at a job making a really great yearly wage. Around 150K a year. So getting approved for mortgages is no issue yet. My question is after I scale up and make enough cash flow to sustain my life style I’d like to quit this job. After I do that will refinancing become a real issue as all I will be living off of is cash flow from my rental properties.
Not sure how this works but I can see it being a problem in my “master plan”.
Any advice or insight is appreciated.
Brett, as long as you can show that your current rental income from the properties you own will fall within the Debt to Income guidelines, you shouldn’t have a problem. I’d suggest sitting down with a trusted local mortgage broker so they can give you more details.