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Updated about 8 years ago on . Most recent reply

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30
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Grant Edwards
  • Tipton, IN
3
Votes |
30
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Need Help Figuring Out How To Finance My 1st Investment!

Grant Edwards
  • Tipton, IN
Posted

Here's my situation: 

I just graduated college in May, started my new career in June, and have been working there for around 7 months. I get paid on straight commission. I have saved up enough money to put a down payment on a rental property, but I am having A LOT of trouble finding a bank or credit union that will provide a loan without me being able to provide them with 2+ years of income history. I have been calling several local banks or credit unions but no luck so far... 

Does anyone have any tips or advice on the best way for me to find financing for the property?

Most Popular Reply

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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
3,945
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13,324
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Brandon Turner
#3 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Replied

Hey @Max Householder you are right and that's it: http://biggerpockets.com/nomoney

  • Brandon Turner
  • Podcast Guest on Show #92
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