Financing A Home While Making $0 Income?

[Josue Guerrero]

Hello all,

I've been currently doing plenty of research on getting started as a Real Estate investor. I have all of the knowledge to get started, I'm just curious about one thing: What are my options for financing an investment home while I'm currently not making any income. 

To be a little bit more clear, I have some money saved in the bank (though not quite enough to finance myself) and I currently have no debt whatsoever. I'm currently in the process of forming an LLC for the purposes of my investments. While I'll technically be self-employed once I have the LLC formed, I won't actually be generating any income until I can start investing, since I currently do not have a job.

To summarize, I'm mainly curious if a bank would loan to a guy like me, or if I would have to try my luck at finding another means of financing besides the conventional mortgage or portfolio lender.

Thanks in advance,

Josue

[Josue Guerrero]

Hey Steven,

Thank you very much for the reply and clarification. I see now how silly my question may have sounded! Now I have an excellent credit score, but I'm assuming that wouldn't mean much to the banks, would it? 

I definitely have a family member that can sign with me to start me off, so I may end up going that route instead.