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Updated over 10 years ago,
How Do I Hack My Housing?
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?