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Updated over 2 years ago,
Major obstacle on my way to start
Hey Guys, I found a great property that I wanted to buy for rental investment, it’s my very first property on my investing journey
But I got into a problem with my journey
So the property is only $70k and I can't get qualified for DSCR loan because they told you don't own a house or primary house so you won't get qualified
I can’t get conventional loan cuz my income and w2 is not that much
and the only think I could probably qualified is bank statement loan since I'm a self employed but I don't have an LLC and they told me you need a two years LLC of your business for that
And I can’t use hard money loan cuz it’s not a fixer up project
is there any other way ?
I think private money is the only option I have but I don’t know that many people
Thanks