Good afternoon BP,

I am curious how you all would invest $25,000 without income to qualify for a mortgage. Would you all wait until you get your income back?

Steven,

If you have good credit and $25K cash you can buy an investment property with no income/no tax returns. You would have to put 30% down and the investment property would have to have current tenant(s) in the property. The current rental income would have to be 115% great than the new mortgages proposed PITI payment. An asset optimizing loan allow you to buy a house with more skin in the game and proof that it is income generating from a current rental lease agreement.

You could also be a private lender for another investor, for equity instead of debt.

You can start marketing to find deals. If you start finding deals, wholesale them. When you are ready, you can rehab or buy and hold. Thats what I did. I wholesaled a few. Then I found the right one. It was a sub-to. I kept it, then sold it a year later for more than a wholesale would have returned. Made some rent along the way too. Then wholesaled a few more, then found a super deal that I rehabbed. Made even more money. I had enough saved that I rehabbed another one, then another one. All the time without a JOB.