Leaving the full time job...doing real estate full time
I'm currently working at a job I've been at for 14 going on 15 years that pays very well. I've also had a business that I've run for 9 years on the side. About a year ago I started investing in real estate and now have 13 rental units. This has grown fast and as I grow at this rate, it's become another business unto itself that I would like to dedicate more time to.
So with all that going on, it's gotten to the point where I really don't need the w2 income to live. I've been fortunate enough to replace all my w2 income. That being said it has definitely made my life easier getting loans and financing because I've got steady income, long employment history, with a very low DTI and high credit score.
My questions is for those of you who have traveled this path already. I'm concerned that I will run into problems getting financing without the W2 income. Is this a valid concern? If so how do I mitigate that? Are there any pitfalls that I should be anticipating/avoiding?