Getting around 2 year work history requirement for loans

[Jade Adair]

So in Washington state, you’re required to have 2 years work history in the same field. Recently I’ve quit my job in pursuit of a career in real estate which voids bank lending as an option. What are some creative ways for funding my first investment purchase without being able to qualify for a loan? Two years in this market is a long time to wait to find a deal.

[Charlotte Dunford]

I quit my full-time corporate job last March to start my own company. Banks wanted 2-year tax returns and I didn't have that because I just left the corporate world. I used seller-financing to acquire mobile home parks. Partners and I purchased 54 lots, 3 parks to date, and the portfolio is growing rapidly. All on seller financing.