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Updated over 4 years ago,
Qualifying for FHA Loan
I've recently met a friend that is willing to lend me a good some of money to purchase a duplex in Charleston, Sc. He is willing to give me the full deposit ($25k) with the thought of splitting cash flow/ disposition 50/50. My lender however, still can't seem to qualify me for an FHA loan. My credit is above average, my tax records are mediocre, and I do not have a lot of money saved. I'm a commercial real estate broker so don't have steady money. Should I get a side job as a solution to qualify. I need guidance on how to qualify without quitting my job or taking on another job that I don't have time for. Suggestions?