Fast track to financing and home purchase? Individual scenario.

[Burke K.]

Hello guys,

I have a specific situation so I wanted to reach out seeking an advice for fellow members here who might guide me to the right path. I am a finance guy but unfortunately my education is not adapted to the US real estate market and I am little bid confused.

Goal:

Buy a 2-3 family house to do a small rehab and rent afterward. Location: Bergen County, NJ.

My situation is as following:

Moved from Europe to the States 2 years ago.  In Europe we have a family business doing land development. I am not aware of the zoning, don't have enough contacts here so I figured Its better for me to focus and start with renting ideally to get my hand on RE.

Regarding my finances: Last 2 years had some small private biz (1099). Made around 35-40k year (profit).

In February I started a W2 job in property management. Making around 70k a year + realized gains from a stock market portfolio around 18k YTD. I have enough savings to pay the down payment (family supporting me in this venture). I also have 0 debt and good credit score.

My question is if there is a fast track where I would not have to be working 2 years on a w2 in order to be able to get a loan and buy a house? I know there are hard money, and private money lenders, but since it's my first purchase I don't think any of that will work for me. I also know there are side hustles, wholesaling etc, but I am not looking for ideas that will delay the purchase process time wise.

Can anyone share some knowledge or experience tailored to my scenario, if there is a way to purchase a house asap in this case?

To break down the math:

Purchase price expected: 500-600k

Down payment: I am a first time home buyer, but I can go with 15%. 

Looking to finance the rest.