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Updated about 9 years ago,

User Stats

6
Posts
1
Votes
Scott Buckner
  • Rockwall, TX
1
Votes |
6
Posts

Low dit ratio.

Scott Buckner
  • Rockwall, TX
Posted

Hello. I have a general question I hope I can get some good advice from. 

I have about 100k Cash i want to invest and get started on real estate. Been doing lots of research and ready to get feet wet.  Here is the problem. I have a low debt to income ratio due to recent divorce and child support. But, in my mind, enough cash to get started. 

What are some good routes i can go to get renter history under my belt and raise DIT ratio so banks will lend me money for more debt houses or multi-family units?  

Should I buy, live in a year then rest out?  

Should I pay cash for smaller house to get started? 

Should I wait til market goes down?  

Please help, any advice is appreciated. 

Scott in dfw.  

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