Getting a loan w/o a J.O.B. question - Posted by Ryan_MO

Posted by qstaff on August 18, 2003 at 20:51:04:

Have really good credit and then you can get a loan with no income verification. Also go talk to a lending institute now and see what products they offer. If you are paying yourself out of your Corp then technically you would have a job (but then your accountant will scream how you’re paying tazxes twice). Oh, always chat with your accountant. If you don’t have one, get one.

Getting a loan w/o a J.O.B. question - Posted by Ryan_MO

Posted by Ryan_MO on August 17, 2003 at 23:08:00:

Does anyone have links to past posts about getting a loan if you dont have a J.O.B. and have your own RE business. I own a small park and am looking at another and will be making RE my career when I graduate in 2 years.

Is there anything I should do now to ready myself for needing to get loans in the future for bigger properties? I have an LLC setup for all my investments and individual ones for each property I will buy. Is it just as easy as keeping good books and being able to show your business income on a PFS for the banks? Thanks for any input.

Ryan_MO