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All Forum Posts by: Allie Dickson

Allie Dickson has started 2 posts and replied 21 times.

Multi-Family and Apartment Investing

Post: Is it possible to qualify for FHA without Proof of Income?

Allie DicksonPosted
  • Realtor
  • Ashland, OR (97520)
  • Posts 22
  • Votes 31

@Waleed Abdulrab

What if you found a FSBO or a seller who owned a property outright to buy a lease option? You could fix up the property for 3-6 months while establish employment history. Then get an FHA loan on the property. You should be able to use 1 side of the duplex as part of your income and your new job. Plus you'll have instant equity since you just made the improvements and raised the value of the property.

2 Votes