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Updated almost 4 years ago,

User Stats

4
Posts
1
Votes
Dylan Kostak
1
Votes |
4
Posts

Pre-approval: Seeking advice

Dylan Kostak
Posted

To quickly discuss my situation, I am in my final semester of college lacking the proof of income to qualify for a loan. I'm looking to BRRRR and have a private lender lined up ready to fund my first deal. I have not searched for pre-approval yet as having no income will be a major red flag for loan approval and that is why I am posting here to see if anyone has recommendations.

Should I form an LLC and search for portfolio lenders willing to lend to the entity and not base loan approval on my current status?

In June, I have a position lined up as a registered nurse solving the stable income issue, I already have a +700 credit score, but I'd still be missing a solid employment history. Maybe this information can guide some of the recommendations.

Any advice is much appreciated. 

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