Buying multifamily home with poor credit and no proof of income?

[Hector Salas]

Me and my wife are looking to buy our first investment property, before our lease is due in four months where we currently rent. We have a down payment ready to go. However our credit is poor, and I have been working under the table for quite some time, therefore have no proof of income. We’ve spoken to a few real-estate agents and lenders, and all say it won’t be possible. Is there anyway it can be done?

[Nathan Gesner]

I would never recommend you start investing in that situation. You're situation demonstrates you don't have a strong financial foundation. Without a strong foundation, anything you build on it is very likely to come crashing down.