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Updated over 3 years ago, 04/12/2021
19 years old - interested in multi-family
Hi,
I am 19 years old and am getting ready to reap the rewards of an investment I made with my business partner/bestfriend. I will have a lot of cash to invest. Although, I have really no real history of significant income. Do I need a few years of income to show, in order to get a loan & buy apartment buildings? If so, I may have to wait to buy.. But I’ve also heard around that you can use the projected income of the building I would buy to qualify for a loan. Any knowledge is great.. thanks so much!