How to qualify for $500k in mortgages?

[Tyler D.]

I currently have $150k and am looking to pick up $500k in homes over the next year. In particular I want to get 10 x $50k homes.

My taxable salary is low at $36k per year, but I have a large amount of tax-free income (I work for the government).

My issue is that I don't think they will loan to me after a certain point with such a low taxable salary. I want to stay away from super-high interest rates as much as possible. How can I make this work?

[Jason D.]

@Tyler D'Alessandro my point is that you're worried about 10 before you get to 1. If you cant get 10, do you give up? I assume that the answer is no, so there is no reason to think about number 10 until you get to 9.

You need to change your thinking. By the time you get there, you'll know your answer.