All Forum Posts by: Trevor Hawks

Yes, that is very helpful Georgui. I will be doing some lender shopping next month when I visit a few local banks. I'm hoping the local banks will be a little more lienient on my pay schedule as it is a little different than the norm.

Hello biggerpockets!

I am looking into buying my first rental property in Athens, Ohio for a college rental. Ideally, it would be a multi-family home within walking distance to campus. I graduated from graduate school in May of 2018 and was hoping to buy my first deal by the end of 2019. My occupation is a Traveling physical therapist.  The bulk of my pay is per-diem pay (non-taxable via housing and meal stipends). The contracts I work are 13 week assignments. I chose this path as it allows me to make about 90-100k per yr after tax, however my W-2 income is only about 25-30k. I see other traveling nurses/therapists getting denied for loans due to the "temporary" nature of our jobs and low taxable rate. I was wondering if getting a loan for a multi-family would be possible given my low W-2 income. 

What steps can I take prior to talking with lenders to better improve my chances of getting approved for a loan when the time is ready?

P.S. First post, after 3 years of following the podcast and reading the biggerpockets books. I'm excited to be involved with this great community. So thanks in advance for your help!