I have $35k saved up, roughly $20k of which I want to use as a down payment. However, I don’t have any income since I’m a full time law school student. Is it possible for me to get a loan? What would you do in my situation?
I understand this might be difficult to do, but I’m sure it’s possible. I’d really like to get started now and not have to postpone my investing until after graduation in 2 years. Any ideas?
Not going to be feasible with a traditional lender. If you're racking up debt for law school I would focus on minimizing that while networking your butt off with your classmates. IMO focusing on the main thing (law school) should come first
Your best bet is a private or hard money lender, like EquityMax, that does not look at W-2s or proof of income.
I may be able to get you into an investment property. I have several options where $20k down can work. You'll need to have funds for closing, appraisal, earnest money, and reserves. You find a property that fits what you can get into and I can likely get you a loan...