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All Forum Posts by: Joshua Logan

Joshua Logan has started 11 posts and replied 13 times.

Post: Anyway around needing 2 years of seasonal work to get a loan.

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6
Quote from @Kerry Baird:

I always ask for seller financing.  There are going to be a handful of folks offering this.  That said, I'd be happier with a larger down payment and reserves set aside than to buy a house and not have enough money.  Waiting for the 2 years to tick down isn't a bad idea at all.  In the meantime, look at FSBOs and for OWC in the Zillow details.  


 Thank you for the advice!

Post: Anyway around needing 2 years of seasonal work to get a loan.

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6
Quote from @John Smith:

That's a tough spot, but there are definitely ways around it. Have you looked into asset-based loans or DSCR loans? Some markets also have investor-friendly financing options that don't rely as much on personal income history. If you're open to it, exploring properties in areas with easier lending requirements could be a game-changer. Let me know if you want to discuss some creative solutions!


 I havent looked to far into dscr, will dscr still work if i am living at the property because it will be homesteaded. I would greatly appreciate any solutions that could possibly work. i think the trouble is that I will be living at the property so that would make it harder to get investor type financing right?

Post: Anyway around needing 2 years of seasonal work to get a loan.

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

I am running into the issue where mortgage companies cant use any of my income due to not having 2 full years of seasonal work history. I Currently own a duplex that I househack and am looking to do the same with another 2-4 unit. Issue with getting a co-signer is it ends up being too much debt to income ratio. i am in the twin cities area and I am just on here wondering if there are any work arounds or if I need to go the creative financing route, try to find a co-signer who makes more money or just wait it out.

Post: Anyway around needing 2 years of seasonal work to get a loan.

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

I am running into the issue where mortgage companies cant use any of my income due to not having 2 full years of seasonal work history. I Currently own a duplex that I househack and am looking to do the same with another 2-4 unit. Issue with getting a co-signer is it ends up being too much debt to income ratio. i am in the twin cities area and I am just on here wondering if there are any work arounds or if I need to go the creative financing route, try to find a co-signer who makes more money or just wait it out.

Post: Anyway around needing 2 years of seasonal work to get a loan.

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

I am running into the issue where mortgage companies cant use any of my income due to not having 2 full years of seasonal work history. I Currently own a duplex that I househack and am looking to do the same with another 2-4 unit. Issue with getting a co-signer is it ends up being too much debt to income ratio. i am in the twin cities area and I am just on here wondering if there are any work arounds or if I need to go the creative financing route, try to find a co-signer who makes more money or just wait it out.

I am looking to connect with a local BRRRR investor in the metro area of Minnesota. I just Finished the BRRRR book by david green. Would love to connect with anyone and gain some knowledge.

Post: Any section 8 investors in the Twin cities. (Minnesota)

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

Looking to connect with a section 8 investor in the twin cities area. I currently have one property with section 8 tenants. Looking to learn more and expand in the near future. 

Post: Investing rent money into the stock market?

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

I currently invest my rental income into a high yield savings account or a s&p 500 index fund. I would like other investors input or knowledge on what you do with your rental income? I only have two units so nothing extreme and my reason for investing the rental money is to save for next house-hack. I am currently exploring the mutual funds option as well, Does anybody invest into them, if so what ones?

Post: Realtor or no realtor

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

I am currently looking on the mls houses to buy cash, is it best to try and get a hold of the seller, the broker, or have a real estate agent? 

Post: where should I put my rent money?

Joshua LoganPosted
  • New to Real Estate
  • Minnesota
  • Posts 13
  • Votes 6

Where is the best place to store money from tenants? should I invest that money into stocks, regular banking account, High yield savings account?