Newbie investor located in Long Island NY .. HELP!!

[Kevin Paez]

Hi everyone,

So i have about 40-50k cash saved up and trying to invest into my first deal. I had in mind to purchase a 1 or 2 family home and buy/hold . Only problem i think I’ll run into is i didn’t work on the books this year therefore no w2 forms . I don’t know if that will stop lenders from helping me finance the purchase? Any advice would help are people investing into this market? Anyone ?!

[Kevin Paez]

@Christopher Phillips

Thanks for the reply . I made a big mistake switching to an all cash job this year . Figured more money but in the end not having w2 forms is hurting me more now that i wanna start learning to invest into real estate. What if i have 1-2 people who can co-sign for me? Would that help at all assuming they have w2.