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
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
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 almost 5 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Ava Rodland
1
Votes |
3
Posts

Non-conventional Sources of Financing

Ava Rodland
Posted

Hi guys, 

I just finished reading Brandon Turner's "The Book on Rental Property Investing". What a game changer! I'm super pumped and ready to create wealth by investing in rental properties. 

Although I was born in the US, I've lived in other countries almost all my life and have never really worked in the US. I moved to Miami about a year a half ago, and I'm renting an apartment here. I've decided to sell a home that I own abroad to put the proceeds towards a down payment for a duplex so I can get my feet wet in real estate investment through house hacking. 

The major issue I'm encountering is that because I'm a 1099, banks require 2 consecutive years of tax returns evidencing income for a conventional loan. I wouldn't be able to provide that for another year and a half, but since I plan to be in my new home when my lease expires in May, that's not an option for me.

I would really appreciate some advice on the types of lenders out there that work with people in situations like mine. I've heard that mortgage brokers may be an avenue, but would love to hear about any other avenues that I could look into.  


Ava

Miami, FL
 

Loading replies...