What loan should I be considering in my situation?

[Shayne Whittington]

Hey guys, I’m a professional athlete that plays overseas and this up coming summer is when I’ve decided to buy my first two rental properties. With my profession, I feel like it’s going to be difficult to be approved for Conventional financing. From what I’ve researched, I might be able to use my tax returns from the last two years to try to qualify but I’m technically not self employed. I’m only employed 10 months out of the year and at most, I’m only signed to a two year contract with a team. So future employment in this profession isn’t very stable. Am I just worrying about nonsense or is this a reasonable concern when it comes to financing properties? If so, what type of loan should I be applying for? Thank you, Shayne

[Bob Green]

Hello Shayne,

If you go through a asset based lender your debts, income, employment will not be a factor in approving you. Your credit, experience and liquidity will be the main factors - good luck!