All Forum Posts by: Brittaney Allison

Hello,

I am attempting to purchase an investment property in a location that I do not live in or work in. The loan is conventional and they are asking for Employment Verification saying I work remote in order to settle the occupancy rule. 
Does anyone have any ideas around this? I am attempting to put down less than the typical 20% for an investor loan. 

Thank you! All of your responses are very helpful! 
I was saved my the bell, the property was listed incorrectly and the broker was a bit shaky with their practices.

Hello,

Basically I found a great deal but I am unable to take advantage of it in any way. Not sure if I should sit back or search for private lending but this is all a first for me. Not sure what to do! 

Here’s a quick break down.

I can't get approved for a loan because my DTI is about 5% too high with the property. Secondly the I wanted to obtain the property with no or little money down in other words FHA but I don't live in the area nor do I work remote.

Property: Single Family w/ Adu 
- Both spaces rented - Way below median rental 

- home is listed about 70k lower than appraised

How does one acquire a property they know is a great investment when they can’t?