To get helpful advice and support, connect with lenders, contractors, property managers, investors, real estate agents, and other experts.Options for financing include private loans, partnerships, FHA, VA, and conventional mortgages.

We will finance the 25% down with a loan at 3% from a life insurance policy loan and hope for the best on the conventional investor loan we will have for the purchase money.

Keep in mind if you need to use two jobs to qualify for a conventional loan, the borrower will need to demonstrate two years of holding those two jobs simultaneously. 

I've mostly been looking in Norfolk and Chesapeake, but there doesn't seem to be much inventory at the moment.

I am wondering the best loan process of purchasing off market properties not using a conventional bank.

Hey @Franco Carollo 👋🏽If you're goal is to acquire rental properties for long-term growth, you should consider a house-hack with 3.5% FHA or 5% conventional financing where you can live in one unit and rent out the others and repeat as often as you can to build your portfolio.

But, I think my financial situation may be good enough to do a 5% conventional loan, please poke holes in my plan if there are any. 

Or should I break my promise to get into real estate in 2025 and continue to work part-time while going to college to afford a conventional 30-year mortgage on my first SF and use the "Building Wealth Through Single-Family Homes" plan? 

Is it always in the same location, or do they move it around the country like the BP convention?

I’m self-employed, so most likely won’t be approved conventionally.