BiggerPockets

This is very true. But in todays economic climate the dti ratio guidelines will require a low income worker to save more physical downpayment money than others would just because his income is low and income is one of the factors in DTI. Debt to income ratio.

If he can put a downpayment down that is enough to bring his debt down to a level that is under the DTI ratio guidelines, then he will be given a loan for the rest of the monies needed to purchase his investment.

But do not forget that the DTI ratio includes ALL debt, not just the loan being asked for.

I am a no wage high school student and I managed to scrounge up money and gather people to help me start investing in real estate.

It can be done! Sometimes you just got to be a bit creative. Always leverage your abilities and skills.

Originally posted by Winstrol

It seems like even a low wage worker managed to save enough money for a downpayment, the bank still won't give you a loan for the investment property.

You are right - the banks will not give you a loan. But banks are not the only sources of money. You can find hard money lenders or private lenders. You may also be able use transactional funding depending on what you are doing.