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Updated 3 months ago on . Most recent reply

User Stats

12
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6
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Having trouble being lendable

Makani Donaldson
Posted

Hey everyone, so I started briefly looking into my markets that I would want to get into then met with a lender. I reached out to only 3 two got back and 1 I was actually able to have a conversation with. But with that one lender I found I am not lendable due to not having proof of income for the last two years. I graduated college may of 2024 and was only working part time through college not making enough to be lendable obviously. Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 
I’m starting off wanting to get into a primary residence that I plan to house hack and then figure out the next move into investment properties but that’s down the road

with all that said, are there other ways that im not thinking of to 1. Be lendable or 2. Be able to get into my first, 2nd or 3rd property? I know I could have a family member co-sign a mortgage with me but not sure the best way to approach that conversation and what incentives I’d be able to offer to make it worth while for them other then their “familial duties” haha. 

Would love to hear people’s suggestions or thoughts. 
everyone’s so amazing in their responses and I really appreciate everyone’s thoughtful feedback! 

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