Asset rich, income poor, trying to get financing
Anybody have ideas about the best way to finance when income does not qualify you for a conventional loan? I’m 46, retired from my career as a physician, with about 3 million in assets and looking to focus on real estate to generate cash flow. I’d like to buy single family homes and do a rent and hold pattern to generate this extra income. Would really prefer to not pay cash for a property but without a lot of active income, am having trouble getting a loan, even with my assets.