Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
How to Obtain Financing
Hi all. I am interested in investing in short-term rentals but don't think I will qualify for a loan right now. My annual income is around $90,000, my monthly bills add up to about $4000 and I have one mortgage but not enough equity in the home yet.
I am interested in a small container or A-frame home near a vacation area in Texas. The homes I'm looking at are $57,000 - $70,000. I also don't have land yet but want something some and affordable. Can someone please offer advice on home to obtain financing?