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Updated over 3 years ago on . Most recent reply

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40
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42
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Tanner Johnson
42
Votes |
40
Posts

How to get approved on mortgage

Tanner Johnson
Posted

So I have ran into sort of a road block, I am a 20 year old real estate investor and I currently own 3 SFH. I own two of them outright and I have a mortgage on one but it is still cash flowing over 600/m. Overall my net income from my properties is about 2300/m. The issue I am running into is that I am now in college and not employed , when they hear that it's almost an instant no which doesn't really make sense to me because it's obvious the mortgage payment is made from the rent. I have a really good opportunity to scale into student housing in a university town so I would appreciate some suggestions on financing possibilities, little money down is even better but 20% is fine

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