18 trying to get pre aproved for a loan
my experian fico score 8 is 675
i make 5-6k a month
i have around 15k cash
8 months of history at current employer
3 years of total employment history
any tips before i barge into the bank and they run my credit and i take a hard hit for no reason
Hi @Zachary Gwin , sounds like you have a solid start, don't let your age play a negative factor in you getting started. I know @Zeke Liston got started when he was 18 and before he has turned 19 he now has 8 units. I believe this is because he was confident in his ability to make money through real estate.
What is it you're trying to buy? A flip? Rental? Mobile Home?
I’m trying to house hack and brrrr a multi family
@Zack Drago your best bet would be to use an FHA loan with only 3% down. FHA allows you to have less then excellent credit, less then great income, and still qualify for a loan.
Some downsides are you have to pay PMI, as well as the property has to be in somewhat good shape.