All Forum Posts by: Brad Voisin

Tarik Turner, this would be a little of both. Intending to live in it for a year or so with the intent to move to a more semi- permanent property at which point it would become an investment. The property needs a couple small projects done to get it to where we'd like it.

Tim Johnson, Located in Northern Utah. I'm not too familiar with bank statement loans but will look into them now. We have about 5% available for a down payment if that helps answer any questions in any way.

Hey Chris, 

Thanks for your reply. I should have specified a little more, not that I'm trying to point fingers here by any means, but our agent made it clear that all we needed to get started was a pre-qual letter to get started so being that this is our first property and the fact that real estate is still quite new to us, optimistically, we headed down that path with her. Another thing I should mention is we likely have a last resort family member who is willing to co-sign with us if we give them a very appealing offer, we're just ideally hoping to avoid that option before exhausting any and all other possible alternatives so hoping there may be some sort of solution we haven't thought of or aren't aware of.

Hey Guys, 

First time posting here but have listened to 50+ Bigger Pockets Real Estate Podcasts and have fallen in love with the idea of real estate. My wife and I (26 years old) have lived in apartments renting for too long and have decided to make the first step into getting into a house. We've had great success with airbnb for 15 months now and plan to continue doing the same and rent as well in our next property. Here's our situation, we we're originally pre-qualified by our local credit union a week ago and found a single family property we love a couple days later with our buyer's agent whom we've been to 12-15 properties with. The property has 4 separate entrances and essentially 3 separate living spaces with relatively minimal work required; couple inside doors, add cabinets, sink and stove to complete a mother in-law. We submitted an offer and received a counter 24 hours later and accepted and went under contract. Later that day, the credit union came back to us and decided they were hesitant about submitting a pre-approval and asked for a co-signer due to less than ideal income from 2018's return. Wife's income showed $24k and my self-employed (first tax return self-employed) showed $23k. I'm on track to do just sightly more than double my income for this year but being self-employed with no CPA, I have no way of proving to the bank my self-employed income has grown significantly in 12 months. Naturally, we're had no luck finding a family member willing to co-sign with us so we're desperately looking for any kind of solution, alternative, legal work-around, etc. and would be extremely grateful for any and all input anyone may have. Settlement date, as it stands is 1 month from today. Thanks in advance.

Brad