steps I can take so I can start investing in R.E. right out Uni?

[Adam Chabaane]

So I am 20 yo and I graduate later this year with a Computer Information Systems major. I have a 740 fico score and I am still working to build my credit as high as possible. I am also saving up as much cash as I can. I've been educating myself for the past year in real estate. I want to start investing in rental properties as soon I can once I start working fulltime, but I haven't had a consistent income over the past 2 years. How can I get approved for loans right out of college and get started? and what additional steps can I take to put myself in the best position as possible?

[Michael Dumler]

@Adam Chabaane first, congratulations on gradutaing soon. Second, awesome to hear you're taking practical steps towards purchasing your first investment. To answer your question, if you are fortunate enough to be in this position, you can utilize a co-signer on the loan. In addition to taking into account your credit and projected income, the lender will also originate the loan based on your co-signers income and credit as well. Therefore, you're pre-approval odds should in theory be more favorable in terms. There are also DSCR loans, in which lending terms are based on the projected income growth of the property itself. Such loans will be harder to come by and will require more capital upfront but could be a potential option as well. Hope this clears things up and helps!