Buying a house with no income?
I am a student and have $ 5,000 for a down payment on a FHA Rehab loan that I want to take in on an investment property.I can’t qualify because I don’t have traditional income, I am a full-time during the school year and work as a temp during the summer. Someone suggested a hard money loan, but when I checked into it some lenders said that they need experienced investors and at least 50% up front. I really want this property and frankly could make a lot of money on it, so I know I can pay off the mortgage. My co-signers aren’t to much more established than I am. Any ideas other than forget about it, I’m looking for ways to purchase the property.