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Updated over 5 years ago,
Buying investment property while in college
Hello everyone,
I'm here here to BP. I am currently about to attend UC Berkeley and looking to purchase a multifamily home. I have the necessary capital and credit, I just dont have the income just yet. My question is, in the bay area, if I were to rent out each room individually in a multifamily house, sort of a dormitory, or shared house for college students. Could I use that projected income to qualify for the loan.
Also, would it make a different whether the loan was a commericial, over 5 units, or conventional in how I qualify.
Thanks a lot!
Zach