Getting Lending Unique Situation

[Nick Radwin]

Hello, I’m in the middle of securing my first multi family property. I have the funds, and 700 credit score, but unstable income.

What are the best options to lock in lending for this deal besides getting a co-signer? I’ve heard hard money lending, private lending, and gap lending could be answers to this situation. Are they good answers in your experience?

Or should I suck it up and try high down payment owner finance and say **** lending?

[Chris Seveney]

@Nick Radwin

DSCR loan? Have you looked into one of those?

Reason banks won’t lend with unstable income is because if the property is not doing well you may be screwed and cannot afford it. I. That instance just realize your 700 credit score will be 500 and your ability to get conventional financing will push you back years

So I would also make sure you don’t get into real estate too early and not understand all the risks