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Updated almost 12 years ago on . Most recent reply

Reece O.'s profile image
Reece O.'s profile image
Reece O.
  • Rental Property Investor
  • from Between Lexington & Louisville, KY
  • Member since Jun 6, 2013
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11
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2
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Reece O.'s profile image
Reece O.'s profile image
Reece O.
  • Rental Property Investor
  • from Between Lexington & Louisville, KY
  • Member since Jun 6, 2013
Connect
Reece O.
  • Rental Property Investor
  • Between Lexington & Louisville, KY
2
Votes |
11
Posts
Creative Real Estate Financing

Have no credit, low monthly income, but have 40%-60% cash down: Will I get a loan?

Reece O.
  • Rental Property Investor
  • Between Lexington & Louisville, KY
Posted

I have $20k cash and am wanting to purchase a home $30-50k (estimated) but have no credit. I am a full time student starting in August and will only have an income of around $400 (gross).

Is it feasible for me to seek out a REI?
This is my first property/investment.

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