How Can i get a loan?
Im interested in a 4-plex which i will owner occupy 1 unit and rent out the other 3 . i will also manage it.
The 3 units will pay for the entire mortgage and expenses.
I can prove that i have enough money saved to be able to pay the mortgage for a year even if i didnt have any tenants.
BUT I have no experience managing a property.
I am currently not employed, recently quit to peruse real estate.
And i cant prove 2 year at same job.
All i got is last 2 years of W-2 at two totally different jobs and incomes.
Credit is in low 700's but never had a mortgage.
Can i get a loan?
Dont have 2 year exp at same job.