Fha Loan for 19 year old with a cosigner

[Craig Parsons]

So my son is 19 and wants to start real estate investing. He was in college until covid hit and now he has decided not to return. He did have a restaurant job but has worked for me for cash for last 6 months.

My question is can we get him a FHA loan with the good rates and low down if we cosign for him. I can start paying him on the books but even that would take some time, I imagine, to establish his income.

Also he would be moving states. But he would still have enough income obviously to pay the mortgage. We would also be doing a house hack as the potential property is a triplex. Not sure if that matters or not.

Thoughts?

Thank you.