Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

19
Posts
10
Votes
Andrew Wilkins
  • Rental Property Investor
  • Phoenix
10
Votes |
19
Posts

Rookie looking for help finding a loan

Andrew Wilkins
  • Rental Property Investor
  • Phoenix
Posted

I've located a 4-plex (150k 700/month per unit) that's long distance and I'm trying to find some help getting it financed. My wife and I have zero debt, 100k cash but no job at the moment as we sold our house and moved to a new state to help my MIL. We do not intend to owner occupy the property. Credit scores are 748 for me and 800 for my wife. I feel like we are just caught between a rock and a hard place simply because we are not currently employed. This morning I've reached out to about a dozen different lenders and I've yet to find one that can help or is interested in giving a little guidance. Please can someone help me locate a loan product that will help us fund this deal?

Most Popular Reply

User Stats

47
Posts
45
Votes
Jay S.
  • Lender
  • San Francisco Bay Area
45
Votes |
47
Posts
Jay S.
  • Lender
  • San Francisco Bay Area
Replied

Yes, you can get a loan based on your assets even if you are not employed. DM if you have any questions. Thanks. 

  • Jay S.
  • [email protected]
  • 408-832-8200
  • Loading replies...