Investing in real estate with less than 2 years of full time work

[Ashley Budyak]

What is some advice for someone like me (just graduated, does not have the 2 years of full time work) who wants to invest in real estate in the next year, but will most likely either not get approved for a loan or will get hit with very high interest rates. I want to start investing as soon as I can (I have been doing a lot of research and want to put it to work now).

[Zack Karp]

Thanks @Mark F.!

@Ashley Budyak wow there's already some bad advice forming in here.  Let me address your question and a few other things.

First off, to answer your initial question, if you just graduated, you might be able to count your school into your 2 year work history, if your line of work now is similar to what you went to school for.

Your rate will not be higher because of this.

You can ABSOLUTELY buy a 3-4 unit property as a first time homebuyer. Anything from 1-4 units. And there is a better program than FHA if your income is low enough (under $71,280) to buy a MFH with 5% down using a CONVENTIONAL loan.

You might be able to qualify for something now, at a great low rate, and not even realize it.

Your first step is to get with a loan officer who can help you with mapping out your strategy.  I love BP, but sometimes people are in the wrong lane trying to help, and ultimately they give someone bad or wrong advice, and people believe it and lose hope and motivation, and even stop.  Let's not let that happen here.

Best of luck!