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Updated over 9 years ago,

User Stats

18
Posts
0
Votes
Javier Acosta
  • Real Estate Investor
  • El Paso, TX
0
Votes |
18
Posts

How to get Financing if I dont qualify for a Conventional Loan?

Javier Acosta
  • Real Estate Investor
  • El Paso, TX
Posted

I am a 22 yr old new to the Real Estate Investing world,and I have been having a really hard time finding a way to find financing for rental property.

I have an ok credit, but my current job is commision and banks require minimum 2 years at the same position to consider my salary, they only take my base(1200/mo).

I have the capital to do a 20-30% for a 100k-130k property. 

I dont want to wait 1 more year untill I have the 2year period at my job....

What is an alternative to finding financing in my situation? Any suggestion is appreciated!

Thanks in advance!

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