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Updated over 4 years ago,
Loan for young professional with no real estate experience
I am brand new to this world. I am in the middle of reading ‘The Book on Rental Property Investing’ and really want to position myself to be able to create passive income through rental property investing. I am concerned that I will have trouble getting a loan/mortgage by myself.
I am 26, have a credit score over 800, a stable job paying fairly, but I don’t make over $100k base. I have a lot of money in the stock market, but not a lot in my checking and savings bank account. I also live in NYC so my rent is fairly high.
Will I be able to get a loan/mortgage?