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Updated about 8 years ago on . Most recent reply

User Stats

65
Posts
10
Votes
David Wong
  • Investor / Operation Manager
  • Seattle, WA
10
Votes |
65
Posts

Financing a house hack project

David Wong
  • Investor / Operation Manager
  • Seattle, WA
Posted

Good Evening Biggerpockets! 

My question for everyone, is how do I finance a deal on which I want to house hack. I have a job which I just started and I have no debt, decent credit score, but the banks want me to work at my job for 3-6 months before I even ask for a loan. IF I find a house that I would like to purchase and rehab and rent out. Should I just go with a hard money loan or continue to find a bank or credit union that is willing to finance my project? 

My goal is to find a house that I can start paying for and get my foundation situated since I just arrived back from overseas. 

Thank you in advance for your time and feedback. 

David Wong 

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