Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

58
Posts
9
Votes
Assaf Kehati
  • Brooklyn, NY
9
Votes |
58
Posts

How do I get a mortgage with 25K yearly income?

Assaf Kehati
  • Brooklyn, NY
Posted

Would love to get some help :)

I have 90K cash

It's the first house I'm buying

Looking for an investment property for cash flow

I don't have any debt

My income is only 25K a year.

The banks wouldn't give me a mortgage since they say that my income minus my current rent and other expenses doesn't leave me any cash for a mortgage payment even that I would be renting out the property I'm buying and that would cover the mortgage.

Any ideas how to get a mortgage with those numbers assuming I'm not going for primary house?

Thank you!

Loading replies...