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Updated over 3 years ago on . Most recent reply

User Stats

22
Posts
12
Votes
Eshmield Ruberté
  • Boston, MA
12
Votes |
22
Posts

Can’t get a loan cause I’m under the 2 year rule for banks!

Eshmield Ruberté
  • Boston, MA
Posted

Hi! So I’ve been listening to the podcast and interested in investing real estate for a few years now. My problem for so long has been the lack of income, I took some chances and struggled for a bit but after changing jobs a few times I landed a good sales job where I can typically make 1.5k-5K a week after taxes. I reached out to about 3 banks so far and it’s the same problem every time. Since I don’t have at least 2 years at the same type of job I would have to wait. So now my problem is the opposite from before, I can raise capital to put money down for a rental property but I don’t got the time anymore. I would really like to not have to wait another two years before getting my first investment property, does anyone have any recommendations as to what I can do? Appreciate any feedback!!

Most Popular Reply

User Stats

305
Posts
162
Votes
Jason Regan
  • Investor
  • Leominster Ma
162
Votes |
305
Posts
Jason Regan
  • Investor
  • Leominster Ma
Replied

If you are stuck and cant get a loan, but make the money needed you may think about partnering with someone who needs the down payment money and can get a loan. You bring the money, they bring the ability to get loan.  

  • Jason Regan
  • Loading replies...