Purchasing Rental Property in South Carolina

[Amy Taylor]

Hi guys,

I am very new in the learning process, but I am very interested in real estate investment and want to get started. I have found a property near Greenville, SC (where I currently live) that currently has 3 mobile homes on it and room to put many more. It is reasonably priced and the homes are older but I feel that they are able to be rented. I would love to purchase this as my first venture into real estate. The property is listed at 160,000 and I only have 10,000 in the bank. I am wondering if anyone has any insight into how I should go about obtaining the remaining capital to purchase this or if it is even possible?  I have good credit but I am only 25 and I already have a mortgage. I think that if the bank counted my current mortgage and I asked for a second one, my debt to income ratio would be too high to obtain a second one. Once again, I am very new in learning about all of this, so please be kind.

Thank you, 

Amy