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Updated about 1 year ago, 09/14/2023
First Time House Hacking
Hello,
I hope you're all doing well! I wanted to reach out and get some advice from this amazing community. I'm a 20-year-old who owns a pressure washing business, and I'm really eager to take the next step in my financial journey by getting into multifamily property investment for house hacking.
Here's where I'm at: I've been self-employed for 2 years now, and while I love being my own boss, it also means that I have a lot of tax write-offs. Unfortunately, this has made it difficult for me to get approved for loans.
My goal is to make a move into multifamily property by the end of next summer, and I'm hoping some of you might have suggestions or insights on how to achieve this given my situation. Have any of you been in a similar spot? How did you overcome the challenges of being self-employed when it comes to financing real estate investments?