I've been at my job for only 6 months and know that's usually not enough to qualify for traditional financing. 

It's making us rethink our strategies and possibly move beyond the traditional ways we've been doing things.Then there's the impact on mortgage lending.

I will say your traditional long term rentals will be hard to pencil in this market, but a buy and hold play is still a tremendous opportunity with the housing shortage.

This was a turnkey property and I just did a traditional 30 year mortgage. 

The evolving landscape of work culture, with a marked shift towards remote and hybrid models, has drastically reduced the demand for traditional office spaces.

Aside from the traditional long-term rental, the borrower could opt for a short-term rental income strategy instead, in order to generate higher cash flow in a peak period and then sell the property before the 12-month loan term expires.

I have a question on the FINANCING of the first BRRRR purchase. can someone explain what is the best way to finance the first transaction - is it a traditional loan with 20% down or should it be all cash / etc?

I started doing it because our market, in peak season (summer and fall), is a traditional Saturday-Saturday weekly rental market.

Hi Jay,If you aren't currently employed/have no income, most traditional loans will be out of the question.

Hard money lenders specialize in providing short-term loans for real estate investments, typically with higher interest rates and shorter repayment terms than traditional mortgages.