How do I qualify for a 4 PLEX I have the down payment & credit

[Mark Sam]

How do I buy a 4 plex in Texas, or anywhere I am willing to move where is best I though Texas is best. I am moving from California. I have a 750 credit score. I have the down payment available of 600k. How do I get banks to qualify me for 20% down though, I want to use little down. How much income do I need to qualify for the mortgages? I want to do residential financing moving every year buying a new 4 plex & living in it never selling. My tax returns are 0 for the past two years because I was in university, should I keep pursuing a degree in Computer Science or do a job to get my tax returns up to get financing. Again how do I find out how much I need to qualify for the mortgages?

[Craig Jeppesen]

Banks are going to go off of fico, down payment and debt to income ratio. You have the credit and the down pmt but you have no income. If you wait until you finish school and secure a good job, they will go off your new job income. The highest dti ratio is 45% for a conventional mortgage. If you secure a job with a $60 k salary or $5 k a month you can have up to $2250 in monthly debt pmts including the new mtg. If you have $600 k you can always pay cash and refinance later to get some of the funds back.