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Updated about 4 years ago on . Most recent reply

Arthur Van Riper's profile image
Arthur Van Riper's profile image
Arthur Van Riper
  • Rental Property Investor
  • from Westwood NJ
  • Member since Jan 25, 2019
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Arthur Van Riper's profile image
Arthur Van Riper's profile image
Arthur Van Riper
  • Rental Property Investor
  • from Westwood NJ
  • Member since Jan 25, 2019
Connect
Arthur Van Riper
  • Rental Property Investor
  • Westwood NJ
0
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5
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Starting Out

How to buy with no job

Arthur Van Riper
  • Rental Property Investor
  • Westwood NJ
Posted

I started out with a house hack which I no longer have. Now I found my next deal. I am currently out of work with a injury and I found a freshly renovated duplex. I have almost 20% to put down with a HELOC but no other income to get a conventional loan. The numbers look good with 13% ROI and over $700 a month Net with a 4% loan or 8% with $450 net at 6% loan. Can anyone help me with this situation? should I partner, get a loan or something else?

Thanks

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