I am trying to buy a house to House Hack. I have the roommates I want to live with and think I have found a house. I am a newer real estate agent and have some good connections with mortgage lenders. After talking to one he informed me that I couldn't get a loan by myself because I will need two years worth of tax returns to be approved for a loan and will need to get a cosigner. I've been trying to think of a good pitch for a cosigner but keep coming up short for how it will be beneficial to the cosigner. Any suggestions?

Hey @Matthew Gray congrats on getting your license! Having a "non-occupant co-borrower" is a great way to qualify for financing. I work with a lot of college students who are looking to house hack and have no way of qualifying because they don't have any income. What they need is an "investor" (read parent(s)) to help them qualify.

When I was working in corporate America I was in the same situation as you. What I did was write a business plan and presented it to my "investors". It laid out my strategy (which was to house hack) and all the benefits of it. Because I was serious enough to take the time to write out a business plan I found investors willing to co-sign on the loan. Unfortunately, the company I was with downsized, I was a cog in the corporate wheel and lost my job, and it didn't work out back then to purchase.

Fast-forward to now, what I've done is turned that business plan into a template that I give out to clients who are looking to house hack but have no way of qualifying on their own. They just fill in their info where applicable and can send it out.

If you (or anyone reading this) want a copy of this business plan just send me a DM or email (email address is in my signature below) and I am more than happy to share it with you.