Rentals, lenders, mortgage

1 Reply

22 years old apprentice electrician looking to get into real estate investing. Primarily rental properties. I have money saved up, but dont have enough income to get approved for a certain amount, any idea of what i can do ? Thank you

Hi @Account Closed ,

Most lenders really aren't REI-friendly. None of our licensing training covers how rental income works in the mortgage math, and you can go a successful 20 year career without ever learning it.

Go to your local REIA, ask who is doing loans for those folks. They will have one or two people that can bump your purchasing power significantly with the use of rental income derived from the property you are purchasing.

I've done Fannie loans for people with NO income other than rental income...