Getting Financing with my corporate job vs Property Manager job
I'm thinking of going part time with my current corporate job and starting a property management company. I currently own a legal duplex and plan on expanding my real estate investment portfolio. A key component is being qualified for getting financing of future properties.
Does anyone have any thoughts for me of going part time and starting a property management company in terms of future financing ability?
Most Popular Reply
Hello @Chris Rogers. I agree with @Nathan Gesner I went through this a year ago. Being self-employed can be great for taxes, because you can show losses and maybe not have to pay taxes, especially when starting up and having extra expenses. However, that does not show well for financing purposes. I would suggest trying to get the financing done before going part time. Best of luck.