Military student with no 1 year experience job.
1 Reply
Josh Todd
from AL
posted 26 days ago
Hey guys, i have hit with a small dilemma. I am a college student that’s a reservist in the military. Looking to buy my first brrr property. I don’t qualify for a loan. Due to the fact that the military is not two years worth of income. Do you all have any ways around this.
Carl Millsap
Investor from Midwest
replied 26 days ago
@Josh Todd a few ways this may work:
1. Have someone co-sign the loan. Check w/ the lender to see if they'll allow a co-signer for 12-24 months or whatever period they determine and will allow the co-signer to be released from the loan w/o refinancing. Ensure it's in writing.
2. Find an owner financed deal. Set the terms for a 3-5 year balloon which should allow you to meet a banks requirements.
3. Partner w/ someone who can get the financing.
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