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Updated over 11 years ago, 06/08/2013

User Stats

11
Posts
2
Votes
Reece O.
  • Rental Property Investor
  • Between Lexington & Louisville, KY
2
Votes |
11
Posts

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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