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Updated over 1 year ago on . Most recent reply

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Tereneshia Watkins
  • New to Real Estate
  • Phoenix AZ
5
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New to Investing and needing some advice

Tereneshia Watkins
  • New to Real Estate
  • Phoenix AZ
Posted

Hello my name is Tereneshia. I am new to investing and wanting to get started out with house hacking a property out of state. So I plan on relocating to the midwest, leaning towards Ohio particularly for the cashflow starting out. My dilemma of course is that I have only been working my job since April. I want to buy the property no later than the end of next year. Is there a way to qualify for a loan if I haven't been working that long? Does it have to be exactly two years? 

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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
6,492
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied
Quote from @Tereneshia Watkins:

Hello my name is Tereneshia. I am new to investing and wanting to get started out with house hacking a property out of state. So I plan on relocating to the midwest, leaning towards Ohio particularly for the cashflow starting out. My dilemma of course is that I have only been working my job since April. I want to buy the property no later than the end of next year. Is there a way to qualify for a loan if I haven't been working that long? Does it have to be exactly two years? 

 You can do a debt service coverage loan. I know a lot of investors doing that here in Columbus, Ohio.

I would recommend reaching out to @Chris Wharton or @Ashley Cross for some more information on the product

  • Remington Lyman
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