I just got laid off in the midst of my first investment transaction.

[Bari S.]

Hi there. This is my first post on this site and I would appreciate any insight people have to offe. I am in the middle of finalizing a purchase agreement for a 4-unit investment property $185K. I already qualified for a convention loan, but that was a couple months ago when I had a steady salary and I'm assuming they are going to ask for current pay stubs before closing. I am starting my own freelance business and since I'm in transition, banks are finding me high risk. I have good credit, sufficient savings and it's a great property! I even spoke with someone about a small business loan but the AVM came back low... plus the salary ding. Does anyone have any ideas for creative financing when one is on unemployment?