FHA and FHA 203k Loans without a Job?

FHA and FHA 203k Loans without a Job?

Investor · Quad Cities (Bettendorf Moline Rock Island, Davenport) · Member since 2018 · 11 posts · 6 votes

Quick overview of my situation.

I’m 19 years old, I have about $8,000 - $9,000 that’s accessible from savings that I earned from previous jobs and investments.

Parents want me out of the house.

I have no current job.

I’m looking at becoming a carpenter apprentice to go hand and hand with real estate.

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So my question is, can I take out a FHA and/or FHA 203k loan without a JOB?

I also have no problem with asking people for private loans from there IRA's or private investing accounts.

I just want to check this option out first.

Any thoughts, suggestions and concerns are appreciated thanks!!

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  • Renter · Las Vegas, NV · Member since 2018 · 278 posts · 71 votes
    6y

    your best bet in entrepreneurship is to

    A) build an A team

    B) pursue an A/B idea

    C) raise money

    so start networking and keep an eye out

    for a business partner with income/credit :)

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