I want to own a property out of state. Traditional financing seems difficult despite me knowing I could 100% afford a mortgage in a different state and still manage to pay my expenses here comfortably. They require years long of X amount of Income and Excellent Credit which I have not fully established because I’m 22 and still establishing good credit. I’m trying to get some advise here on if I should just wait ( which I don’t want to do ) or somehow do creative financing which is a strategy I just found out about. Any advice or tips to help buy my first property will be helpful.
Here are some numbers to add more context:
I want home that cost $90 – 110K I plan on having 30k+ saved by Jan Credit almost 640 Income 1538 week (gross) as of recent times Job has gave me a few pay raises and I’m working OT
My Goal is by the summer to acquire property with $40,000 saved Is this wishful thinking?
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