All Forum Posts by: Zach Hooper

Thanks mark for the reply!

And Garrett, a cosigner was something I was considering, but my parents are out of the question. I might end up grouping together with other college students and buying a house that way. Then, I just need to figure out how were splitting up the title I guess

Hello everyone, 

I'm here here to BP. I am currently about to attend UC Berkeley and looking to purchase a multifamily home. I have the necessary capital and credit, I just dont have the income just yet. My question is, in the bay area, if I were to rent out each room individually in a multifamily house, sort of a dormitory, or shared house for college students. Could I use that projected income to qualify for the loan. 

Also, would it make a different whether the loan was a commericial, over 5 units, or conventional in how I qualify. 

Thanks a lot!

Zach