First Purchase Questions

[Mike Naccarato]

My wife, and I have been wanting to buy our first house, live in it for a year or so, and then rent it out, then repeat it as time goes on. Both of us have been recently laid off from our jobs due to the coronavirus. We both worked at schools as paraeducators, so needless to say our net income wasn't the greatest. I talked to a broker and he had said without consistent income you should wait to buy a house. I just need some other opinions on if there are other alternatives. I have a decent amount of money in my savings and 401K. Thanks!