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Updated over 5 years ago, 05/21/2019
Getting started on my first deal
Recently tried getting pre-approved for financing on a down payment for a multi family home. Rejection I ran into was a lack of work history (I need two years). Only other option of achieving financing through this means would be to find a co-borrower who has to be family related (as far as I know). Wanted to hear what everyone's thoughts were on my next best course of action. Been in touch with a realtor who had mentioned finding a partner to work a deal with (headed to a networking event tonight). Was also considering saving more money over the course of this fall to do a fix and flip or BRRRR. What are your recommendations?!
Are you planning on living in the property?
Partnerships in real estate are very common. Some partnerships do have folks involved whose main role is to help qualify for funding. As you go out and network, think about building relationships with people. Figure out what they need and if what you're looking for would be a good fit.