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Updated over 5 years ago,
Just graduated college, finance investment property possible?
Hi all! I just graduated from college and am now employed at a big tech company in an engineering role. I’m interested in beginning to invest in real estate, but I’m not sure if I’ll qualify for a mortgage.
More concretely, I’m interested in financing for an investment property that I will not live in. This will be my first real estate purchase. I’ve read that it’s possible for new grads to get loans for a primary residence but haven’t found if that’s true for investment properties.
I understand that to get a real answer, I’d need to provide more details about my financial situation, so I’m really looking for guidance on who to reach out to who can better answer this if I provide those details to them. I’m under the assumption that shopping around for mortgages (i.e. applying for them) will impact my credit score negatively, so I’m trying to get as much info as possible before I have to do that.
If it makes any difference, I live on the west coast and am looking at investing in the Midwest.
Thanks!