Cash Home Pay Off, Financing?

[Rene Martinez]

Is it possible for me to be unemployed and not have to buy a house outright? Range is the $400k area, but I'd rather not pay it off 100%. I'd rather pay off 50% or less and snag another rental property. Is this possible? I'm in Colorado and would like to but a rental property in Texas. 

[Ben Rhodin]

Hi @Rene Martinez! The only suggestion I would have is looking into DSCR lenders. I have a few good contacts, one that is based out of Boulder here in Colorado. They will lend on the property's ability to repay the debt instead of your personal ability like traditional lenders. They do come with slightly higher fees, and interest rates (Around 4-5% nowadays) But they are very quick and easy to work with.