Buying / Renting while on Comission

[Blake King]

Hello Everyone! Quick background, I am 21, live north of Seattle, am getting married this summer, and am currently doing software sales! I have been into real estate and wanting to invest / buy for 2-3 years now. I have been working sales for about 6 months now, and cannot count my commission towards a mortgage for 2 years. I hate to rent once we get married (Currently live at home), but am unable to qualify for a mortgage. I have looked into buying land and living in an RV, or tiny home like home. I hate the idea of paying someone else' mortgage. Im looking for advice on what to do. It would only be a year or so of renting but still would like to get in as soon as possible and would love to hear anyone else' ideas! The goal is to buy a duplex or larger once i can qualify, and house hack. Any suggestions on what i could do NOW?

[Nghi Le]

The only option I can think of is to somehow find a private lender to fund the purchase of the property, and then later on when you do qualify for a mortgage, you can refinance them out.  Or you can sell the property if you're looking to upgrade.

Or try to buy properties on a lease option and set the term for however long you think you'll need to qualify for a loan to purchase it outright.  It usually would cost more than a house that's on the market, but you're paying today's prices, even though you'll actually be purchasing in the future.  You'll still be paying rent to someone else, but you can negotiate rent credits, and it's essentially your own home.