Getting mortgages without income

[Shivam Sahdev]

Hello everyone,

I am a total newbie to RE investing, but I have a quick question. If I have money in my savings I inherited (around 200k USD), 100,000 in student loans, and no income, can I just buy a property (maybe using cash-out refinancing), and keep on getting more mortgages on multiple properties with almost no income? Or will lenders not approve me due to lack of income? I have a long and great credit history, close to 780 across all three bureaus. My goal is to use the money from the property to pay for my student loans if I decide to attend graduate school. 

If income is required, I can start working while in school and have a net income of about $50k after taxes. 

Thanks,

Shivam

[Matthew Crivelli]

You can 100% buy an investment property without income. Hard money, we are looking for cash, decent credit, and a good deal. Fix and flip or long term rental. What you will need is an LLC to hold the property under but this is easy and cheap to obtain.