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Updated over 10 years ago,

User Stats

79
Posts
4
Votes
Chris Duzan
  • Columbia, SC
4
Votes |
79
Posts

Proof of income

Chris Duzan
  • Columbia, SC
Posted
I'm still in the learning process of REI and have been reading a lot of books and blogs lately. While reading about qualifying for loans recently I read that you must be able to show at least 2 years of employment. I'm assuming this is for conventional loans but that was my plan for my first investment. I just graduated college and and started working full time so does that mean I have to wait 2 years before I can get a loan? I know there are alternatives like creative financing and partnering with someone that has the money, but is there any way to still get and FHA loan or conventional mortgage? I've heard it's harder to get these kind of loans as you get more properties so I wanted to get one now while it's still kind of easy. Thanks ahead of time for any replies. And sorry for the longwinded question, I swear it started out as a simple question in my head and then it just grew.

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