Loan Help - young investor

[Seth Wyatt]

ANY YOUNG/NEW INVESTOR HAD THIS PROBLEM ?? PLEASE HELP. 

Looking to purchase my first rental property, only problem is getting approved for the loan. Have a good score, but a short credit file so can’t get approved by myself. The two options i have been given is either

A) Have a co-signer. Easier, quicker route but I believe I would have to pay closing cost at the time of purchase, and then pay it again in 6-8 months when I was established and wanted to switch the property to just my name.

or

B)Transfer all of my cash to a CD, use the CD as collateral for my loan, and then switch from using a collateral loan to a real estate loan 6-8 months in after I have established a little bit more credit history with my bank. This option would tie pretty much all my cash up for 6 months or so.

Any one ever dealt with anything like this? Which option do you recommend? Is there any other option to deal with this?