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Updated about 5 years ago on . Most recent reply

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Brandon Goldsmith
  • Real Estate Agent
  • Columbus, OH
1,322
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Financing for a newbie

Brandon Goldsmith
  • Real Estate Agent
  • Columbus, OH
Posted

Hello BP Community,

Currently I am college student who has been working with a local brokerage firm some time now and have gotten to learn a lot about real estate through them and other internships I have had. I am graduating in a few weeks and have decided not to go into the corporate world and will be a licensed real estate agent and hopefully a soon to be investor to one day reach financial freedom.

A goal of mine is to house hack my first property, because there are a decent amount of 1-4 unit properties in my area. I am also looking for one I can rehab and add value to.I am trying to figure out ways to acquire my first property and while I'll be on a 1099 return and instead of a W2, that makes things a little more tricky and will delay the process of me getting a loan. I do have some capital for the down payment, okay credit and would be able to find the deal, but have been stuck on ways I could potentially finance this future property. What are some innovative ways you all have financed properties while in a similar situation as me?

Any advice helps!

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