Hi BP community!
I am new to BP, and my name is Robert Burns! I will be attending medical school in the fall. I've been doing a LOT of reading and practice deal analysis. I hope to invest in a small multi-family as a house hack for my first property.... but I'm running into a problem....
My biggest questions, as a medical student I won't be employed and I won't have a salary for another four years. I have a decent savings for now, but I'm having trouble finding a lender who will consider lending to me under these circumstances. Any advice or recommendations?
If their are any other med students/physicians here I'd love to hear how you started in REI!
You're a wise young man to start early in real estate and invest your future high salary into income-producing assets!
The only two options I'm aware of are getting a co-signor or using commercial debt where they don't care about your income, but rather the income from the property.
Best of luck man!