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Updated over 10 years ago,

User Stats

53
Posts
6
Votes
Jim Iorio
  • Investor
  • Ormond Beach, FL
6
Votes |
53
Posts

How Do I Hack My Housing?

Jim Iorio
  • Investor
  • Ormond Beach, FL
Posted

I read @Brandon Turner's article about hacking housing.  It's been my plan for sometime to live that way.  However, here is my challenge:  I currently have no income other than the 2 wholesale deals I closed in July 2014 (10k). My credit score is good (700+), but I don't think that I could get any sort of loan without verifiable income.  Am I wrong?

I do a lot of direct mail for my wholesaling business, so I was just planning on finding a multi-family property through my direct mail.  I would have to be a VERY motivated seller because I'd have to negotiate seller financing with 0% down and a mortgage payment that would be covered by the rental income.  After listening to the BP podcast for so long, I know those kinds of deals are out there but are there any other ways to accomplish this?

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