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Updated over 1 year ago on . Most recent reply

New to Investing and needing some advice
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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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
