Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Acquiring My Next Rental Property
Hi, My brother and I got into real estate investing a few years ago and finally made the jump in a year ago this month. We bought our first rental property and have consistent cash flow (about $1,200/month).
However, we are both college students and have no other income. Our parents were nice enough to cosign for the mortgage on the first property, but we would like to acquire the next one on our own. Neither of us would qualify for a mortgage simply because we have no income.
Does anyone have any ideas on how we could financially acquire our next property?