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Updated over 3 years ago,

User Stats

8
Posts
3
Votes
John Taboada
  • Rental Property Investor
3
Votes |
8
Posts

Excellent credit & income but no down payment fit second home

John Taboada
  • Rental Property Investor
Posted

Hello everyone I’m John. I have a multi family house hacked in New Jersey ( value 500k / loan 320k ) monthly profit $2,000 . I have a condo in Houston ( paid off value 50k ) monthly profit $500 a month. I live in a apartment in Orlando,FL with roommates to save on money $500 month. I recently paid off all my debt minus my home loan in NJ which left me with around 10k in the bank. I work for the airlines 110k salary a year. My credit score is 780. I want to buy another property in the Houston area to rent but in short on cash at the moment. Are there any other options for me so I can buy now instead of waiting while I save up again ? I’m currently saving around 3k a month.

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