@Omar Cantu you need to listen to Grant Cardone and do WIT - whatever it takes - to realize your dream.
Seeing as you live at home and have no bills, other than the self-inflicted truck payment, you are LEAPS AND BOUNDS ahead of where many of us started from. Get rid of the truck immediately. Buy an economical USED car and start living as frugally as possible. No going out to eat with friends, no spending money on anything that isn't 100% necessary, basically if it's not going to get you any closer to your goals - DON'T SPEND MONEY ON IT!!
Talk to as many lenders as you can, and then, when you think you've talked to them all, talk to more. It took me many many phone calls to lenders before I found one that was willing to work with me. Stay persistent and stay positive. Just because one lender told you know, it's not the end of the world. Remember, every "NO" you get is one step closer to that "YES" you're looking for. It's a numbers game, plain and simple.
I would suggest saving up a down payment towards an FHA loan for a duplex, triplex or quad.
Live in one unit and rent the others out. You get experience being a landlord, and you get the benefits of owning rentals, and you get to live RENT FREE, making it easier to save towards your next purchase - your classic WIN WIN WIN scenario!
Don't give up because ONE lender told you no. That's the first of many you're going to hear. If one no is all it takes to derail your investing dreams, then this isn't the world for you (this comes out of a place of tough love, not a**holeness BTW).
Evan Bell, HKE Homebuyers | [email protected] | 4803821313