Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

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...