New Member in the Twin Cities

[Jackson Lee]

Hi everyone,

I discovered bigger pockets a few months back, however I finally decided to make an account and start posting, asking questions, and what not. So far, this site has been huge for me, as a resource and inspiration. My fiance and I just purchased (going to close on our first duplex) a rental, thanks to many of your stories. We want to be financially secure in 10 years (I'm 30 shes 29). Long story short, I just finished school, started my practice a little over a year ago, however I'm having a hard time securing any type of loan for buying a house under my own name (we bought under my fiance's name). Most banks want 2 years of tax history, however I just started my practice which has been relatively successful in the last year, but I also want to start investing in BRRR type properties. Any guidance for funding, banks that may help is appreciated! Thanks and I hope one day I can become an inspiration to others too! Happy investing, god bless.

[Jordan Moorhead]

@Jackson Lee I've dealt with the same thing as a small business owner and am also in the process of buying a duplex right now. I know from the lenders that I've talked to that if you come to the table with 25% down you have a much better chance. There are also loans out there right now called statement loans that look at your past 12 months bank statements to qualify. Seller financing is another option. Local banks seem to be more friendly too.

What do you do professionally?