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All Forum Posts by: Parker Butler

Parker Butler has started 2 posts and replied 2 times.

Post: Question about partnerships

Parker ButlerPosted
  • Investor
  • Lehi, UT
  • Posts 2
  • Votes 0

My name is Parker. I'm looking to invest in single family homes in the Salt Lake or Provo area in Utah. Being young I don't have enough income to qualify for a loan in this market. I am wondering if I partner with somebody for a deal what would be the best way to do so? Also, is it possible for my partner to exit the deal and have me as the only person on the loan? I don't want to break the law but I do want to get a deal. Please help!

Thank you!

Post: Didn't qualify for a loan, any solutions?

Parker ButlerPosted
  • Investor
  • Lehi, UT
  • Posts 2
  • Votes 0

I'm a young investor in the Utah valley area. I'm looking to get into my first house hack. I went and talked to a mortgage broker looking for a low money down FHA loan. I wasn't able to qualify for a loan because I don't have a long enough work history. I have a consistent job that makes me enough money to get started as well as enough money saved, but not the full work history that they are looking for. Is there any other options, or a way to get around this?

I'm very eager to get started and willing to put in any work necessary.