All Forum Posts by: Evan Tan

Hey everyone i'm just wondering about ways i can get a mortgage loan for a property given my current situation. This was the previous thread i created; https://www.biggerpockets.com/forums/12/topics/594...

I am not employed currently and am still in school but have roughly a 50k bankroll and i can make 5k a month on avg and my credit score is okay so far (recently got credit card a few months ago), i have stats/graphs/records documented from poker earnings and am currently trying to fill out my w-2 filling tax returns to show proof that i have document-able income and all i would need is 2 years worth of w-2s? 

So having all this a good credit score, bank statement/funds (does paying more % down help at all?), and 2 years worth of documentable income on w-2s would i be able to get a mortgage loan/lender from an ordinary bank or would i have to seek out some private commercial companies to get a similar type loan that doesn't have an extremely high interest rate?

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I understand that i am basically asking the same question as i was in the first thread but i thought i would get better responses in this part of the sub-forum as i'm guessing there are plenty of people out there who are in the same situation as me in that they don't have a "stable income from a job" or are self employed and i'm wondering what method they did to be able to get a mortgage

Thank u for the post!, that sounds quite interesting and i will look into BRRR and house hacking.

At the moment i am just concerned with being able to purchase/invest in a property as i don't think i will get full-time job in like 2 years or so (maybe later because i think i may want to take some time off after graduating pursuing other things) and i would like to start doing RE as soon as possible but it seems that there is no other way besides co-signing or doing trying to file income under tax returns as kevin mentioned and hopefully i will get approved by a lender

Yes i wouldn't be opposed to living in a unit, and no i'm not claiming that income on tax returns it's mainly for fun and AFAIK i don't want to and don't need to pay taxes i think

Hi i'm currently a student at University, i'm fairly new and i was hoping someone could point me in the right direction. 

I would like to start investing in like a multi-family apartment but is this even possible given my situation as i don't have a "stable source of income/verified employment" i saw things like no doc mortgages, co-signing on a mortage etc. and things like that but is there another way to go around investing given my situation? 

Money isn't a huge issue for me at the moment i have around a 50k bankroll (idk if that is too little to start investing?), most of it is acquired through poker and i do make 5k per month (on avg because you can have like a 10k month but then next month be down like -1k like trading etc.) but it's not considered a real job i have the bank statements to prove to a lender but other then that i'm not sure what direction i should go any advice and posts are appreciated thanks!