I'm in kind of a sticky situation.
I've been trading for a few years now and have made some money trading cryptocurrency.
I also have a successful business that operates 100% in cryptocurrency. We receive payments in Crypto, cover expenses using Crypto, etc
I have a chunk I want to diversify into real estate. I've been looking at duplex/triplex in my area under 200k and would be interested in renting 1 of the rooms out for a year. I figured an FHA loan would be best.
My question is...Is it possible to qualify for any loan to purchase a property? I don't want to liquidate my assets for a down payment if it's not even possible.
My S/O is a nurse and her income might qualify, but she's only been working in this state for 1 year. Not sure if her income carries over from state to state.
If it's not possible...would it be possible to have my parents co-sign to buy a duplex/triplex and we can live in that + rent out other units?
Thanks for the help!
@Matthew John She should be in same industry from last 2 years that's all it matters. Its your PR you can get gift from your parents for down payment.
@Harjeet Bhatti She's been a nurse for 4 years, so that might work.
My parent's don't have money for a down payment. I do, but would have withdrawal from my cryptocurrency portfolio.
So you think it would be possible if the loan was in someone else's name & I was also put on it too?
@Matthew John If you are coming on title, yes you can use your money for down payment.