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Updated about 7 years ago,

User Stats

40
Posts
9
Votes
Quang Tran
  • Sacramento, CA
9
Votes |
40
Posts

Investing with little capital

Quang Tran
  • Sacramento, CA
Posted

Hello all at BP! My current situation is this: I am a college drop out who recently started working a sales position in the auto industry and want to buy my first house hack duplex in Sacramento by the September of 2018 hits and if I can, even earlier! What I am most worried about is how I can fund this project. I know I can ask family or find private or hard money lenders, but would that require a refinance so I wouldn't have to stick with high interest payments? The problem Im thinking about is that I have very little work experience. Banks often want to see a year long work history. My question: Is it possible to get an FHA loan from the bank with little work background or are there any alternatives?

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