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Updated over 5 years ago on . Most recent reply

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Zach Medina
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Buying First Property

Zach Medina
Posted

I'm currently renting a house for one year that has 4 bedrooms and rent of $2,300 per month. It could be raised to $2,600 per month. I've been managing the sourcing of the people in the bedrooms for the landlord.

The landlord wants to sell the property for $317,000. I applied for the mortgage but didn't qualify on my own (2 years of self-employment in another business).  I also don't have enough money for the downpayment.

How do I finance this and would be the best way to buy this house

Thanks!

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