No job how to get financing?

[Matt Annis]

I brand new to this. Where do I get financing when I do not currently have a job? I know of a three bedroom two bath country home on 3.1 acres. Owner is moving soon and wants the money in full in 2-3 months. Will not do owner financing. 3 banks told me if I have no income, then no loan. Even 50% or more down. I have excellent credit currently it’s 815 and enough cash to buy it in full but that’s ALL my cash!. $115,000 is the appraisal and asking price from the homeowner. I could get 1200 Per month in rent. 2200 yearly taxes. Does this sound like a good deal? and if so, is there anywhere I can get financing? Thanks for any help!

Matt

Mattoon ILLINOIS

[Jonathan Klemm]

@Matt Annis - I'd say the simplest way is to find a partner who does have a W-2 or cash.