Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

59
Posts
30
Votes
Jason K.
  • Real Estate Agent
  • Tucson, AZ
30
Votes |
59
Posts

How to fund a rental

Jason K.
  • Real Estate Agent
  • Tucson, AZ
Posted

I am a contractor in AZ that currently pays 600 a month for a storage yard. Its been on my mind to buy my own storage yard or a rental unit w/ yard space and start redirecting the 600 into my own pockets.

In essence it would afford me another 600 a month from any investment property that I purchase.

I have recently found two homes/ duplexes that are for sale (one short sale, other is thru private party). Both have the type of space I need.

Im trying to determine how best to fund a project like this. I have decent credit 680-710 and can afford to put down 20%. My reason for not using a conventional lender is my debt to income ratio is about 8% off the mark.

Any advise appreciated.

Loading replies...