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Updated over 5 years ago,
How to start with high debt
Hi BP community,
So I have a strong interest in rental properties and most likely am looking into purchasing out-of-state because LA and orange county are difficult to cash flow. I've only begun saving up for a down payment, but I wanted to know if there was any way I could be financed for a rental property with high debt?
In my case, I, unfortunately, have $150,000 in student loan debt due to bad financial advice until it was too late and would like to start investing in rental properties to cash flow and help pay off my student loans!
I have a great credit score but only make $45,000 currently. Are there ways for me to qualify for loans for investment?
Any advice is welcome!