Want to quit W2 but don't want to lose ability to get loans

[Nicole Heasley Beitenman]

Hi BP.

I'd like to set a goal for self-employment after I hit the 2 year mark with my W2. That's a little over 14 months away. I have a side hustle that's growing faster than I expected, and I also want to get my RE license. I'm working with SCORE to build business plans for both these and my REI endeavors.

But I also wanted to start BRRRR-ing this summer after I sell a property. Is there anything I can do to prepare for the transition to self-employment that will keep me from becoming a pariah amongst lenders, or do I have to choose between my BRRRR goals and my other business goals?

Thanks in advance!

[Salvatore Lentini]

@Nicole Heasley Beitenman - I wouldn't base your career on whether or not you can get loans from a traditional bank.  They are the worst.  I work with investor friendly lenders that focus on the financials of the property instead of the borrower.  If you have decent credit, down money and the property cashflows you're golden.  You'll pay a little higher rate but the loans will be A LOT easier.  Message me if you want some direction.