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Updated over 6 years ago on . Most recent reply

User Stats

90
Posts
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Derek Morrison
  • Rental Property Investor
  • Marshfield, MA
28
Votes |
90
Posts

What to Do: First Property, Can't Qualify for Loan

Derek Morrison
  • Rental Property Investor
  • Marshfield, MA
Posted

So I've found a property that might be a good deal. However, I won't qualify for a bank loan on anything over ≈$55,000 due to being a college student (low income and debt). What are some ways I can work around this issue?

  • Derek Morrison
  • Most Popular Reply

    User Stats

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    Bob Okenwa
    • Real Estate Agent/Investor
    • Peoria, AZ
    2,461
    Votes |
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    Bob Okenwa
    • Real Estate Agent/Investor
    • Peoria, AZ
    Replied

    @Derek Morrison

    You can take a look at private money or hard money or get a co-borrower to help boost your borrower profile.

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