All Forum Posts by: Joe Henry

Yes, I've been in the same career for 5+ years now, all of that time as a full time salaried employee except for the time since last April. That's good for my approval I would hope?

@Chris Mason, thank you both for your advice. I've spoken with my broker and it appears the only sunk costs I can have by moving forward with this are inspection fees if indeed my financing falls through. Does that sound right?

That's good to hear. I should clarify, by full time I mean I am paid hourly, and can work up to (and do work) 40 hours a week. That should work right?

Are temporary full-time employees eligible for conventional, FHA or other types of home mortgages? I live in Florida, if that matters.

One broker I spoke with stated he could not work with me, and that I wouldn't be able to get any conventional or other loan, except private financing because I'm technically a temp employee.

I've read online elsewhere though that you can still get a mortgage, but it will be harder (have to have good credit score, possibly put more down, etc). Some of these sources are a few years old though. I have great credit and salary.

I have gotten approved by a couple of brokers. All they asked was if I was a W2 employee. I'm wondering if when they do a job verification they'll deny me if they see I'm temporary?

I want to make a offers on a couple properties, but am not sure what to do because of this situation. Should I move ahead and make offers, counting on the pre-approvals I've received? Would there be any costs I'd end up losing if my loan falls through because I'm temp? I don't want to lose some good deals, but also don't want to be reckless.

In the mean time I'm working with my company to try and change my employment status, and am also looking at private financing.

I appreciate any advice on this.

Thanks for all the answers guys. I didn't know about several of these methods, and will be looking into whether I can/can't legally accept/deny cash payments.

ACH looks interesting. Does anybody have experience or advice they're willing to share on this? Seems as a tenant I would be less comfortable giving direct access to debit my accounts than to use other forms of payment. Anybody have trouble with this?

@Chris Reitzel, thanks great link!

What is the norm for accepted payment forms? (eg, cash, money order, etc)

Why do or don't you accept certain forms of payment?

@Jennifer Kinzle, thanks for that MLS tip!

Thanks for the answers guys. So I assume you try to schedule all the apartment viewings at a time when you can have an inspector come and look at them all?

When you are viewing and getting a multi-family unit inspected, from duplex up to 10+ units, how much access to the building do you expect to see? e.g. If there are existing tenants are you able to enter their apartments for the inspection? What are the typical practices, and what would be some red flags to watch out for (e.g. someone trying to hide something from you by denying access)?