Help with getting a mortgage for low income person

[Assaf Kehati]

Hey guys I need your kind help and expertise!

Here is the story:

I have 90K cash

I'm looking to buy an investment property for cash flow

My credit score is great (above 800)

I don't have any debt

It's the first house I'm buying

Trying to get a mortgage

The problem: my income is low, 25K a year.

In this conditions the banks wouldn't give me a mortgage since they say that my income minus my current rent and other expenses doesn't leave me any cash for a mortgage payment even that I would be renting out the property I'm buying and that would cover the mortgage.

Any ideas how to get a mortgage with those numbers assuming I'm not going for primary house?

Thank you!

[Andrew B.]

Your best bet may be to start by house hacking a 2-4 family. This would remove your rent payment and has the added benefits of getting you more doors and a lower interest rate.