I have been saving up to buy some real estate. I am currently unemployed and just have my side hustles. Can I still buy a multi family unit under my name if not can i leverage other people to help me buy my first property?
Investor · Cleveland, OH · Member since 2020 · 33 posts · 24 votes
5y
Your best bet from my understanding would to try to leverage other people in this situation. Due to the strict requirements of most banks, not being able to show current emplopyment may get you an easy "no". Your side hustles may be able to help, if you can show at least two years of filed taxes under the 1099 form (from my understanding).
If you saved up a decent amount, then you should be able to find a solid partner as long as the numbers work! Hopes this help!