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Hi, just curious how people relocate w/o a job........Don't most apartment complex's and landlords ask for job references, and ask who your employer is and such.
Also, if I wanted to purchase a home w/o a job how in the world could I get a loan.
The reason I ask is, I am thinking it would be a heck of a lot easier moving first, then getting a job........!!!! I have a little money saved, and I think I could get something at a temp agency!
I have heard that for a mortgage, you can get one without a job, but the fees and interest they would charge are astronomical. I think that's called a "no-doc" loan.
We are moving too without having jobs lined up...I am hopeful that our excellent credit + a good reference from our current landlord will be sufficient. If we have to, we can put down an extra large deposit, but I'd rather not.
My sister and her family relocated to the Tampa area, and couldn't find any place to rent without jobs. Plus, they had bad credit. The few places I spoke to that were willing said they would require excellent references and at least several months up front.
If you have good credit and references, your best option is probably someone private, not a property management or apartments complex.
I moved without a job halfway across the country, but I had substantial savings and was able to buy a new house with cash (so no qualifying needed) and no job was immediately required to live on.
Thursday I go in for my first job interview since 2001! I just finished updating my resume.
When they ask me what I did between June of 2005 and now, I sure can't say I walked around in my underwear all day! I'll think of something more glamorous
When they ask me what I did between June of 2005 and now, I sure can't say I walked around in my underwear all day! I'll think of something more glamorous
I moved without a job halfway across the country, but I had substantial savings and was able to buy a new house with cash (so no qualifying needed) and no job was immediately required to live on.
Thursday I go in for my first job interview since 2001! I just finished updating my resume.
When they ask me what I did between June of 2005 and now, I sure can't say I walked around in my underwear all day! I'll think of something more glamorous
Good luck with the interview....oh and maybe you should not mention the underware part....unless your going to be selling underware...
You could always rent from private individuals. Depending on the size of your household, you could rent out a room or an entire floor (usually a basement) in someone's private home. Private individuals are generally far less stringent on what criteria is needed to move in. Usually, so long as you have enough cash for the first month, last month and security deposit and show an urge to work and explain your situation, you should be fine. Most people are understanding and many have been in similar situations themselves. Then, once in the area you're looking to live in, you can find a job while having a local address, and then eventually in a few months move out into an actual apartment or home.
MoMark: I do exactly the same thing !! When almost everybody including myself got laid off (after 33 yrs for me) I decide rather than do a restart I'd just stay at home and play the market. I had been "playing" for a while anyway so it wasn't completely new. I also figured it was one of the very few "jobs" that is exactly the same no matter where you live as long as you've got a fast internet hook up. And seeing as how I'm working my way out of NJ seemed like a plan.
It's become a standing joke between me and friends about me getting up, making some coffee and then going to work in my underware without ever leaving the house. They all laugh...but you and I know they'd like to be doing the same thing
You bought that place no mortgage ?? I salute you .
I am also anticipating a problem though as excluding tax returns I will have no proof of any income at all. I havn't looked into how lenders are going to recieve that bit of news. Anyone had this situation ??
Hi,
Thank you for all the responses, most of the private landlords I talked to didn't want to take the risk and rent to me, esp long distance, I guess I can't blame them.......Then again, how do u get your foot in the door. Guess I could stay in an extended stay hotel, but I think those are quite pricey, and would go thru my savings quickly that way.
I would love to hear some more from people that had to rent, or buy a house w/o jobs........!!! And how they went about doing that.
when I moved here 15 years ago I did not have a job
I had great credit and enough money in the bank to cover 6 months
I actually flew down 2 months before I moved to find an apartment. I didn't run into any problem once I foudn a place I liked. I filled out the application gave them first and last month and moved in 2 moths later.
I know folks now who have found apts and applied online mailed the deposit and had everything done but signing the lease before they moved
I would hold off on buying something till you were sure you liked the area.
If you have good credit and money in the bank you would probably be better off in a complex than with a private owner.
There are also extended stays that have weekly rates I would do a google search in the area you are intrested in
karla
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