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Updated almost 8 years ago,
Is it possible to buy a rental, with no job, and no money?
I see a rental that has 14% CAP rate, with 5% vacancy quoted.
I have done my math ( if its complete ) and see a spread of $2500 from Income to Mort./Taxes/ Ins.
Is there a lender who would consider me as a purchaser?
No Income
No Job
but I hope to 'buy' my first rental, with the rents as my 'collateral'
I would like any help, if this has been done.
Thanks, Tracey