*You do NOT need a W-2 job to qualify for a rental property loan.* If you’ve got inconsistent income, are self-employed, collect your income in cash, or just don’t want to use your personal income to qualify, you can invest with these options. Each of these *real estate investing loans* has benefits for anyone collecting non-traditional income.
Some *loans look at the property’s financials instead of yours.* Others can *fund 100% of your renovation* costs up front, but require a bit more of a local touch. Thinking of house hacking? A *certain loan works best* for owner-occupied investors with *inconsistent (but reportable) income.* This makes buying your first investment property so much easier, or scaling your investment portfolio once you’ve left your 9-5 job.
*Henry has used these loans* throughout his rental property, fix and flip, and BRRRR (buy, rehab, rent, refinance, repeat) journey, *especially as he left his W-2* to go all-in on real estate investing.
00:00 You DON'T Need a W-2! 01:11 Why Lenders Want W-2 Income 01:55 What Lenders Want to See 02:34 1. DSCR Loans (Debt-Service Coverage Ratio) 05:56 Sponsor: Kiavi! 06:26 2. Bank Statement/Non-QM Loans 08:59 3. Private and Hard Money Loans 13:03 4. Portfolio Loans 18:43 Different Deals Need Different Loans!
