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Updated over 6 years ago,
How do I qualify for Financing?
Hey guys,
I'm in kind of a sticky situation.
I've been trading for a few years now and have made some money trading cryptocurrency.
I also have a successful business that operates 100% in cryptocurrency. We receive payments in Crypto, cover expenses using Crypto, etc
I have a chunk I want to diversify into real estate. I've been looking at duplex/triplex in my area under 200k and would be interested in renting 1 of the rooms out for a year. I figured an FHA loan would be best.
My question is...Is it possible to qualify for any loan to purchase a property? I don't want to liquidate my assets for a down payment if it's not even possible.
My S/O is a nurse and her income might qualify, but she's only been working in this state for 1 year. Not sure if her income carries over from state to state.
If it's not possible...would it be possible to have my parents co-sign to buy a duplex/triplex and we can live in that + rent out other units?
Thanks for the help!