How to Purchase My First Property

[Mason Marin]

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

[Rochelle Ray]

@Mason Marin find your local REI group and talk to people. Get a mentor that can walk along side you and even work for them for free while they do their business and you can learn first hand some of the things they do before you do it yourself. These are ways that can be beneficial to help you get comfortable with all the process, terminology, etc. Also, their are many creative ways of financing. You don't have to get a conventional loan. You can always refinance to a conventional loan later. Get an owner finance, a partner or maybe a relative isn't making much in their retirement funds? Get creative! This is something you have to decide but I just wanted you to know there are other options out there.