Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

70
Posts
7
Votes
Bryan Tasumi
  • Hayward, CA
7
Votes |
70
Posts

Buying 180k home, Have 180k. Possible to buy with no income?

Bryan Tasumi
  • Hayward, CA
Posted

I am buying a 180k home out-of-state. I have 180k in cash and in investments but temporarily will have no income in the state I will be buying the home in. Is it possible to buy a home and get a conventional mortgage with good interest rates (3.85%) using the money as a collateral while only putting 20% down? What are some ways I can purchase this with only 20% down but no job lined up in the state (Texas)? I have am self-employed currently making over 70k a year.

Loading replies...