Rental Property Investor · New York, NY · Member since 2020 · 2 posts · 2 votes
I am brand new to this world. I am in the middle of reading ‘The Book on Rental Property Investing’ and really want to position myself to be able to create passive income through rental property investing. I am concerned that I will have trouble getting a loan/mortgage by myself.
I am 26, have a credit score over 800, a stable job paying fairly, but I don’t make over $100k base. I have a lot of money in the stock market, but not a lot in my checking and savings bank account. I also live in NYC so my rent is fairly high.
Rental Property Investor · Sarasota, FL · Member since 2020 · 154 posts · 72 votes
6y
The short answer is yes. The long answer is that it will depend greatly on what type of loan, size, where and how you want to start real estate investing game, from whom you acquire the loan, or if you want to be an active (own) or passive (lend) investor. Liquidating some of your stock portfolio may also be necessary, depending on the route you take. BE GREAT!