All Forum Posts by: Saed Rabu

Hey 👋 

Thank you for your detailed response! I appreciate your insights. If I secure a W2 job with an income of around $60K, would that potentially qualify me for an FHA loan without the need to provide my taxes for the previous two years? Additionally, does the job have to be in my major or industry for FHA loan eligibility?

success is not solely a result of hard work, but is influenced by external factors such as luck and risk.

God luck to all!

Hello! 

I am reaching out with a question regarding FHA loans for house hacking and would appreciate your valuable insights on potential lenders.

Allow me to provide a more detailed overview of my situation. I am currently in my final year of college and have recently established a mobile window tint business, yielding approximately $10k per month. My credit score stands at a solid 771. Over the past two years, I derived an annual income of around $12k from a part-time online sales venture, which is duly reflected in my tax filings.

I am navigating the prospect of obtaining an FHA loan for house hacking. While discussing my plans with a lender, they suggested exploring conventional loans and the option of a cosigner due to certain considerations. I am keen to explore FHA loans further and seek your advice on potential lenders who may have experience working with individuals in similar financial scenarios.

Additionally, I would like to inquire if BiggerPockets provides resources or information on lenders specializing in FHA loans for real estate investors.

I want to highlight that I currently have $20k in student debt. I am enrolled in an Income-Driven Repayment (IDR) plan, and as a result, I do not currently have any monthly debt obligation.

Thanks!