Posted by GL(ON) on July 05, 2002 at 13:18:18:
Once you leave your job your ability to get loans from a bank is nearly zero. Ironically you can still get an unsecured line of credit or a credit card worth thousands of dollars, but they won’t make a loan secured by real estate.
You need a substantial portfolio of properties and good positive cash flow before they will consider you worthy of a mortgage.
This is why most investors look for owner financing, partners, etc. Once you reach a certain point it’s the only way to progress.