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I want to become a real estate investor but I don't have much cash.? |
My mortgage takes up most of my income. What type of lender should I look for and would they give me a chance with such a high debt to income ratio? Any suggestions from someone with experience? I am interested in renting to section 8 tenants also. Buy small properties. Take out a 2nd mortgage. In order to become an investor, you have to have something to invest. Some cash to buy. More cash, or the willingness to work, once you've got it. If you really want to do it, Sell your house and live in an apartment for a year, pay off your mortgage, then it will be easy to get a loan and start investing one house at a time. within a year you can turn over at least 3 houses and save a lot of cash. look for empty properties. there is lots of ways to make money with them. GET ANY HOUSE FREE |
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