Buying & Selling Real Estate Discussion

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John Paul Whaley
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Selling my car for the cash

John Paul Whaley
Posted Sep 12 2019, 09:46

Right now I drive a $30K car. I am thinking of trading it in for a $15K-20K car to put some cash in my pocket to start investing in real estate. 

I am wondering what a lender would prefer to see on an application. Someone with $10K in savings with zero debt, or someone with $20K in savings and a small car payment around $250-$300/month?

Thanks everyone!

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