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Updated 2 months ago on . Most recent reply

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Taryn Lewis
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First time home buyer( investor property)

Taryn Lewis
Posted

Hi, I'm very interested in getting into real estate investment so I am a first time homebuyer. I was going to take the FHA route try to get a unit property, but my problem is my DTI is high due to my student loans and a car payment so now I am a little discouraged on how I can get started and also get funded my Linda informed me that I can use an alternative person for the income, but I don't have no one to use it just me and my income is not good enough so I'm not sure on what to do as far as breaking into Real Estate I feel like it's just not going to happen for me

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Marcus Auerbach
#5 All Forums Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
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Marcus Auerbach
#5 All Forums Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

Of course you can, it just may take you a bit to get there. But that is also in the very nature of real estate, it is long-term. Start thinking in decades. Keep reading, educating and working on your personal finances. Get your credit cleaned up, ditch the car payment and find a side hustle to grow capital. Most people overestimate what they can do in one year, but underestimate what they can do in five!

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