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 13 years ago,

User Stats

603
Posts
130
Votes
Adam Craig
  • Investor
  • Cleveland, OH
130
Votes |
603
Posts

Any idea on finacing my situation?

Adam Craig
  • Investor
  • Cleveland, OH
Posted

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.

Loading replies...