All Forum Posts by: Luke Condon

No. I purchased a town home about 7 months ago and that would be my biggest loan to date. The struggle with traditional financing is the whole self employed requirements. We've been in business just over two years and it seems like lenders are very hesitant to lend to self employed individuals without lots of good documentation.

Once I get pre approved, is that just for like one property/ Can I make offers on multiple properties if the price range is similar? Then how long does being pre approved last? I assume having a lender run your credit like once a month would not be beneficial to the credit score and potentially make it harder to borrow?

Hi All,

My name is Luke. I am totally new to real estate and am trying to gather as much information and learn as fast as possible. I own my own business but there is just something intriguing about buying, renting, flipping homes as an additional source of income. My first main question is, is it possible to get a loan without having two years tax returns and with putting very little money down? Something along the lines of an FHA without all the paperwork proof. I want to get in on the action, but I feel like I'm stuck and can't get in because of the paperwork issues!! Suggestions? Thanks!