Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago,
Buying real estate without pre approval
First time home buyer here but cannot get a pre approval because of unsteady employment history as a result of pandemic and being self employed. Is it ever recommended to buy property with cash outright? For example, if I have 500k in the bank and I purchase a property outright priced at 450k. I am currently leasing an apartment that is up May 31st, the landlords do not accept tenant at will agreements. I feel pressured to buy a property before I sign another 1 year lease to stay in my apartment. Looking for any recommendations concerning my situation and how to proceed. Thank you.