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Creative Real Estate Financing
HomeForumsCreative Real Estate Financing0 income, have cash, fico 800 - loan possible?
Robert Mayo's profile image
Robert Mayo's profile image
Robert Mayo
  • Real Estate Investor
  • from Mountain View, California
  • Member since Nov 2, 2009
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Robert Mayo's profile image
Robert Mayo's profile image
Robert Mayo
  • Real Estate Investor
  • from Mountain View, California
  • Member since Nov 2, 2009
Connect
Robert Mayo
  • Real Estate Investor
  • Mountain View, CA
16
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49
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Creative Real Estate Financing

0 income, have cash, fico 800 - loan possible?

Robert Mayo
  • Real Estate Investor
  • Mountain View, CA
Posted Nov 4 2009, 11:44

As in the title, I have no income but I do have cash. Do you think I could get a loan at a reasonable rate, or am I limited to cash-only deals? It would be nice to utilize a little leverage. My FICO is around 800.

I'm interested in SFR with break-even cash-flow. Might be part of a 1031 exchange.

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