Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

14
Posts
2
Votes
Sara Habtom
  • New to Real Estate
2
Votes |
14
Posts

Still learning about buying my 1st rental property

Sara Habtom
  • New to Real Estate
Posted

Hello! I'm still learning about rental investments and was wondering if you have a 6 months gap can you still be approved for a loan? This would be my 1st property I'm investing in. I don't have any debt at all and have a high credit score but don't have 2 years of consistent work history. My last employer was only for 11 months from Aug 2022 to July 2023 since I was over seas for 6 weeks and left due to my hours been cut down. I work 2 part time jobs probably making about $30k a year and have some money in my HYSA. I'm also looking to buy my 1st investment property next year 2025 since I'm planning to move to a different state. Does my first employer from Aug 2022 to July 2023 still count for a 2 year work history for next year in 2025? If not, what are some other ways I can buy my first rental property? I'm looking to buy a distressed single house. 

Loading replies...