Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
If you had 18k to invest as a 1099 employee.. what would you do?
I have been wanting to buy a property for a couple of years now but I am a 1099 employee, so getting approved for a loan has been very difficult.
I live in an expensive market - Austin, TX.
Would you find a DSCR loan and buy out of state, in a cheaper market with 20% down or would you save the 18k and find a new job with a w2 so you can buy in Austin with 3% down?
Help please and thanks! :)