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Updated about 9 years ago,
Low dit ratio.
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.