All Forum Posts by: Erica Husted

@Kevin Hofstee I cannot qualify without my co-signer due to their inability to consider my income streams reliable (I have several different income streams as an independent contractor, and only one part time job as a "traditional" employee). My income has continued to increase substantially from one year to the next, but my methods have shifted around too much for them to feel secure. It's frustrating to have the money, but not a long enough history of consistency! 

And very true regarding Muskegon, but still too high of a price point for me to pay in cash outright. Thanks for your help!

@David Barnett Thank you so much for your advice! I didn't think about the affect that it will have on the stock market as the federal aid ends, but that is a very good point. Better safe than sorry, for sure.

I am a real estate agent and aspiring investor in Grand Rapids, MI, who recently just made my first large commission on a million dollar home. My original goal was to roll a portion of this money right into the downpayment on my first real estate investment (duplex or fixer upper), as real estate investing is ultimately my end game and I am eager to get started. However, I recently learned that there is no way to be approved for a mortgage loan at this time due to complications with qualifying my cosigner (and my inability to find someone else who would do so). Does anyone have any recommendations for the best possible alternative while I wait a year or two to be able to obtain a loan? Maybe a high interest bearing account, stocks, or something along those lines? Or is this too short term too see much growth regardless? On the other hand, does anyone have any experience with hard money lenders, or any alternative forms of obtaining a loan/cosigner? Time is money, and I don't want to waste it! Thank you all