All Forum Posts by: Max VonWalter

Thanks Franco. I do traditional lending, so I know all those paths that I can take there. They are great, don't get me wrong. But the 2 year history is a killer, especially since I'm just starting out.

Should I reach out to every lender in my area, even the Walmart lenders to see if there's something they can do with 10 months of commission income? This would be for house hacking. What do you think about going ahead with looking into rental properties with HML?

Hello all,

First post here as a BP member. From everything I've heard from friends and listened to on podcasts, I'm excited for the future. I've been wanting to post something for awhile and I'm finally doing it. I have to start somewhere at some point in time.

Current situation - I currently work as a Loan Officer. I receive 100% commission. I've been receiving 100% since 06/16, so almost a year. Fannie/Freddie require 2 years of commission income for it to count towards anything. I believe what I want my first step to be is house hack, so I can eliminate the rent expense I pay every month now and then begin investing into real estate. I do not have a family member which can co-sign with me.

Should I wait the 2 years for a FHA/conventional loan? Should I look for creative financing elsewhere? Should I just eat the rent now and start looking into investment properties and creative financing?

I feel like there are a million paths I can take. If anyone has any suggestions, I am open to all!