{He will be paying us $200 a month for room and board, technically from my husband who is not his actual legal father] He also will be making a couple of hundred dollars a month from his job and receiving his ssdi checks monthly.At the end of 5 years, after paying Mark about $18,000 cash, with his good credit, and accrued principal, there should be no problem with LJ getting a loan.

We're really good at finding deals and taking disasters of houses and turning them around quick dues to restoration background, so the best deals we find wouldn't qualify for a bank loan anyway I don't think (fire house, etc.).

i think there is a technical (psychology) term for this, but would never remember it. basically it says that factory workers need to be noticed, start doing a good job, then it dips back down. anyway, great work, @Vicki K.

Some background: I'm 22 and live in NYC (Manhattan).

This was my processdiscuss the house answer any questionsSent them the online application, credit/background fees (no application fees except them paying the background credit)Emailed the lease, they looked at it and than we went line by line .

I do have a mortgage background and currently do hold my MLO license in CA.

Technically you don't own the propery, so that's kind of a grey area.

It goes to your legal age.I think as a minor you would have to technically partner with your parent or guardian if you wanted to do deals.You should talk to a lawyer about the best way to proceed, either by setting up a LLC or whatever allows you to do what is necessary.You should try to reach out to a local real estate investor.If you are willing to help them with work.

You would not technically "own" the property this year, but you would control it- don't know it that qualifies as meeting your goal or not ;)

If I were rent it out, technically the bank would have an investment property on its books at greater than 80% LTV.