It is 6:12 am on Sun 11/17/19 driving to work in the hospital. I am listening to show 40: 40 Quick tips for beginners. I am thinking how to start real Estate Investing, and trying to decide whether to pay students loans or focus on doing real estate? How does that affect by ability to get financing my first deal?
@Mairim Aguayo it all depends on the type of financing you do. If you go and get a conventional mortgage where you would get the lowest interest rate your student loan will count against your debt to income ratio. If you use an investor friendly lender they will use the rent from the property to determine if it can service the debt and won't care about your debt to income ratio. For this type of loan you would pay higher interest.
@Joseph A. . Interesting Joseph, thank you for that information, I did not know that. I already have my primary residence with FHA loan, so I assume my first investment deal have to be a conventional mortgage.
@Mairim Aguayo no problem