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Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
2
Votes
Nate Margolin
  • Rental Property Investor
  • New York, NY
2
Votes |
2
Posts

Loan for young professional with no real estate experience

Nate Margolin
  • Rental Property Investor
  • New York, NY
Posted

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?

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