Would love to get some help :)I have 90K cashIt's the first house I'm buyingLooking for an investment property for cash flowI don't have any debtMy 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?

Sure you can sell the home when you retire but will the proceeds of the sale after taxes and broker fees really net you a profit after a down payment and decades of property taxes, debt service, mortgage interest that you can no longer deduct from your federal taxes, repairs and homeowners insurance?

I like the idea of buying a duplex, etc. so you can offset your mortgage. 

Cap rates are extremely important, primary importance to me, especially since CoC is only of relevance for about a year, Once appreciation takes place and your principal payments are paying down a mortgage CoC is no longer valid and will likely only decrease over time.    

Does anyone have any experience with obtaining a home mortgage without steady income?

Northern California is too expensive right now to make buy and hold work--rent is really high but not high enough to even cover the cost of the mortgage in most cases.

Your tenants help you to pay your principal on the mortgage of the property."

Hi Everyone,I have a questions regarding PMI. Let me explain my current situation. When I bought my property in Long Beach, CA, I only put 5% down payment and took a loan with 3.85% interest rate plus a PMI ( $214). P...

Although i don't have threshold for each of these numbers but I do have to feel good about them to consider- from gross rental to mortgage and expenses.  

Hello BP, looking for some perspective/opinion on which route to take with $50K cash with the goal of long term buy and hold: Pay cash for a BRRR - $50K Purchase (finance) two $100K properties - $50K down payment (in total)For simplicity, assume my numbers/deal are spot on and the cash flow in both scenarios is the same.Pros of 1 BRR – Left out the R for repeat...as I would hold on to the property - No loan, one property (with same cash flow) – slightly less maintenance as only one set of mechanicalsPros of 2 financed properties – Leverage, mortgage paydown by tenant, more potential appreciation (2 vs 1 property)Cons of 1 BRRR – less rehabbed (just rent ready) vs 2 financed TURNKEY propertiesCons of 2 financed properties – lower cash flow per door, paying additional (taxes, insurance)thoughts?