Getting started in Real Estate

[Nathan Scott]

Hey guys, brand new member here! Looking to by my first rental property. Looking into Memphis, TN and Huntsville, Alabama markets. However, I may have a problem. My question is...is it possible for me to get a loan for a rental property even if I have a house and owe 400k on it? I live in CA, and the military pays me money to make my mortgage payment. My wife and I have no debt besides the house. I’m just unsure if they would allow a 22 year old to get another loan? If there is anyone in the Vacaville, CA area that would like to meet up, let me know! I’d love to discuss real estate! Thanks in advance!