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Updated over 2 years ago,
Want to invest on rental but is afraid
I am a widow with two kids in college and one in high school. My husband just passed away 6 months ago, and I am currently a bible college student. I have two properties worth $800K paid off. Currently on SSI with $3500 per month. I will rent out one of my properties in Texas soon. I am thinking to buy another one using cashout refi from my house equity, but was wondering 1) if I can get loans from a bank because I am not working 2) if the rent would cover the mortgage? 3)How do you tell which properties are worth of buying?