Need some finance advice (career change)
Hey guys!
So here’s some background about me:
I have been a welder for almost all of my adult life.
I bought a triplex which I house hack in Tacoma, WA just over a year ago.
I am wanting to rent out all units and buy another small multi family to house hack.
But here’s the kicker.
I also got my real estate license at the start of the year.
Up until July 31st, I welded full time/over time at night and sold real estate during the day.
The project I was on finished, and I decided to dive DEEP into real estate sales.
In September I made just under 100k in gross commission income. Now I have to pay taxes, and part of that paid off my split with my brokerage.
but I still am left with a huge chunk and I am on track to have another killer month this month.
The only thing is, I have gone from hourly to commission pay. All of the lenders I work with on a normal basis tell me I need to have 2 years of commission pay to qualify for owner occupied loans.
What options do I have?
Should I try to find a job at night again (hard to find in my area and field) and just hustle hard until I can qualify based off that income?
I really don’t know a lot about the other types of financing. I’ve heard of non-QM loans. I would love all you guys who know the finance side to give me your take and any knowledge or suggestions.
thank you in advance!