Can i get approved for a conventional loan with a co signer

[Jimmy Rojas]

Hey everyone, I live in Phx,Az and would like to get a loan for my 1st real estate investment (in Phx,az and surrounding), issue is I doubt i could get approved, I been in the car business a while and have about $20k in my bank, about $80k tied up in my vehicle inventory for sale, I currently average $4k to $7k  total profit a month, my brother who owns the used car dealership and a lot of property could  be a co signer Im looking at homes $250k+.

[Jimmy Rojas]

Quote from @Account Closed:

Quote from @Jimmy Rojas:

Hey everyone, I live in Phx,Az and would like to get a loan for my 1st real estate investment (in Phx,az and surrounding), issue is I doubt i could get approved, I been in the car business a while and have about $20k in my bank, about $80k tied up in my vehicle inventory for sale, I currently average $4k to $7k  total profit a month, my brother who owns the used car dealership and a lot of property could  be a co signer Im looking at homes $250k+.

You could actually do a Joint Venture with your brother. He could be the capital investor and you could be the managing investor. You could be trained to buy properties "off market" and sell them with lease option to the people who are buying your cars. You already have the vision, you just need the know how. The two of you would have quite a going concern before you could say "runs good". That's what I'm doing in Phx and Mesa. You could too.

 Hi, you also work in the car business?, I dont think many people going out looking to buy a vehicle want a side of home with it lol, but what do i know.