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Updated almost 6 years ago on . Most recent reply
Are there ways around the down payment for house hacking / brrrr?
Hello everyone!
I am a college student trying to house-hack or do a brrrr property in Phoenix, but as a college student, I don't have a big enough down payment (Only about $2,000). Are there any ways around this??? Lenders keep giving me mixed answers on grants and down payment assistance. Also, does rental income only count if it is a 3-plex / 4-plex or can I count rental income if I plan to rent out rooms in a single-family home?
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
your way undercapitalized to be buying any kind of real estate. And the lenders know it..
you need to have down payment and reserve funds.. real estate is not a no money gig..
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners