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Updated over 1 year ago on . Most recent reply

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Vincent Smyth
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First property with low income

Vincent Smyth
Posted

I am looking to get into real estate investing in order to build cash flow month to month and wealth over time. I have about 30k to start, however this money I have saved up over several years from work and investments in the stock market. My problem is I have a pretty low earned income (only around 17k/year) and I’m concerned I will have trouble qualifying for a loan because of this. Is this a valid concern and will my age (19) and short credit history (with a decent credit score) be significant factors aswell?

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