Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 about 7 years ago,

User Stats

16
Posts
4
Votes
Annette Homewood
  • Investor
  • Silverlake, CA
4
Votes |
16
Posts

Looking for loan for my situation

Annette Homewood
  • Investor
  • Silverlake, CA
Posted

Hello, everyone. Does anyone know of a way I could get a loan that has a  reasonable interest rate for a rental property, being that my income is low, but I have cash in reserves plus properties? Thanks!

I am looking to acquire another rental property and would like funding. I could buy a lower-cost property using cash, but I would like to see if I could somehow get a loan with my low income. I currently have three rentals plus the condo in which I live. I am currently an unemployed teacher, and my income right now comes from unemployment plus rentals. I live in so Cal and am looking anywhere in the country for a deal. I looked into loans a few years ago, and the ones I could get had higher interest rates, and therefore I wouldn't be cash flowing on a property. Advice/tips appreciated!

Loading replies...