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Updated about 8 years ago,

User Stats

16
Posts
4
Votes
Mason Marin
  • Las Vegas, NV
4
Votes |
16
Posts

How to Purchase My First Property

Mason Marin
  • Las Vegas, NV
Posted

Hello BP community! For the past 9 months I have been saving up money to buy my first property. I would like to "house hack" most likely single family home renting out the bedrooms. I would like to find a property that would cash flows immediately, so when the time comes to move or purchase another home it will be ready as a rental. 

My problem right now is I am not sure if I can qualify for a loan with any lenders? I have been told by people that I need at least 2 years with my current employer(have only been working with USPS for 9 months now.) Before that I worked a few months inside a restaurant. Before that I was unemployed collecting unemployment for awhile and before that I worked at a pool for around a year and a half. 

Is there any type of lenders in Las Vegas that can work with less job history? Are there other strategies I can look into for acquiring my first property? And if not a property to live in, does anyone have useful strategy suggestions for buying my first rental property to rent out to a tenant instead?

I have been reading / listening to podcasts for awhile but there is just so much information to handle. I am trying to narrow down my strategies to this specific area for now (Las Vegas). Just trying to figure where I should focus to get my first property.

Any help is much appreciated,

Thanks

-Mason

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