All Forum Posts by: Angel Gonzalez

@Jaron Walling  Thank you so much for the SUPER fast response. Is it ok that I private message you with a little more background so I don't put all of my details on the post?

Hello BP, 

I was wondering how to get started with rental property investing without financial records. I do have the funds to put a down payment and repair or even buy the house cash out right. I have a few questions about this. Thanks in advance.

1. Would not having work history like taxes or proof of income stop me from purchasing a house with any type of mortgages?

    a. Would it effect the types of loans?

    b. What kinds of trouble would I run into trying to purchase a home without the proper documents? (or income history)

   c. What lenders would need from me to get a loan without the income background?

2. Is buying a house cash upfront and then refinance later be a better decision due to this fact?

   a. Can I Finance a home that I already own outright?

   b. How long do I have to wait to do a cash out refinance?

3. Can you qualify for an FHA and government grants without income history?

a. If you can, what are the qualifications I would have to have to get an FHA without the income history?

Background on myself:

   I was hurt on the job as a delivery truck driver 5 years ago. I was on workers compensation for the last 5 years my case ended last year in early 2021. Due to my injuries I cant work in any field I am qualified to do any longer. These are the main problems I'm running into when looking at properties and trying to get loans.