Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

10
Posts
1
Votes
Daniel Villa
1
Votes |
10
Posts

Looking to take plunge into real estate!

Daniel Villa
Posted

Hi everyone,

I am looking to invest in out of state real estate. Currently in CA and looking at Nashville area. Looking to do house hacking via FHA loan. Ideally would like to look into a multi unit property so I can have one unit for myself but willing to be uncomfortable for as long as need to and do whatever I need to succeed, whether that be live in a basement and rent out the rest of the home to someone else or whatever the case may be.

Looking at working in the health/fitness industry as a personal trainer while I take the plunge in real estate as I have spent the last several years saving and have just over 80k.

The problem I am now is the prequalifying for the loan. I spoke with one lender and they would need the offer letter from a job out there in order to get the ball rolling on the price range I qualify for. 

Has anyone ever had/heard of an experience like this? Is what that one lender said the only way to go about the process? I’m trying to get the ball rolling but feel stuck 

Any info would be greatly appreciated!

Loading replies...