House Hacking as a young self employed person?

[Dillon Carter]

Hi BP! 

I've been going through a few different House Hacking books, listening to the BP podcast and have even been looking at a few potential properties to house hack in Jacksonville, Florida. 

I'm currently finishing my degree and I'm self employed. Will this be a barrier to getting a mortgage? 

I have excellent credit, the capital for a 3.5-5% down-payment within my market and I'm afraid I will not get pre-approved and many agents won't even spend time showing me properties. 

If you've dealt with or overcame this (if it's real), what did you do? 

[Chris Carson]

If you shop around and find the right lender, you should be able to qualify if can document sufficient income regardless of whether you get a W-2 or not. Excellent credit will help as the lenders will certainly see you as more risky due to the nature of your employment. I have worked with some lenders in the past that have good products for those in your situation. There are also some creative ways you could make it happen, particularly with a house hack. Feel free to PM me and I am happy to discuss it further.