Thoughts on Private lending for first deal

[Mathieu Fife]

Hi everyone,

I'm a recent college grad (working full time for a month now) and I've been trying to obtain financing approval for the last year or so while working part-time and finishing up my undergrad. I'm aware of the several factors that make an application more likely to be approved by A/B lenders. I've worked with multiple mortgage brokers and have not had any luck with financing thus far. So I'm considering looking into private money with higher interest rates to make my first deal happen, which will likely be a house hack.

Is alternative financing something I should be looking to make my first deal happen or be patient and wait until my file suits A/B lendes criteria? 

Thanks in advance!

Mathieu