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Updated about 13 years ago,
Any idea on finacing my situation?
Hello All,
I am 23 years and graduated from college a couple years back. I started a very successful internet business selling electronics and I have been itching to get into real estate but ive been sidelined until I have can show documented income.
2011 will be my first actual business year in the books and I will send around 140K AGI to the IRS.
Now my question...
With 1 year doc income at 140K and a 740 credit score, would I be able to get more then one home loan in 2012? I want to purchase my first house along with my first investment property if not more.
Or is my short credit history/income history going to limit me.
I can most likely come up with 15-25% down on both purchases.
I would purchase 5 houses in 2012 if I could be financed, though I understand that might not be so wise my first year in.
Any insight on credit standards is appreciated.