Financing Out of State Investment in College

[Luke Bricca]

Hi all,

I'm currently a UCLA senior and am working on purchasing my first investment property in Kansas City, MO. Right now, my largest challenge is securing funding - I have a down payment saved up, but no stable W2 income. I start work full time in April, so an easy answer to this would be to wait and purchase an investment property then, but that doesn't work with my goal of purchasing a buy-and-hold investment property before my graduation in March.

Assuming FHA loans and cosigners aren't options, what strategies would you use to finance a property like this? Right now, I'm exploring hard money lenders in the metro, but am actively trying to find other options.

Thanks!!

[Christopher Hill]

Hey Luke, congrats on getting started! Maybe @John Paul Riturban a lender could give you a hand!

Best of luck!