Anybody Can Invest In Real Estates

[Cliff Hudson]

According to Robert Kiyosaki's books, if you're a low wage employee, u can still invest in real estate. How far are his books and cashflow game away from the reality?

It seems like even a low wage worker managed to save enough money for a downpayment, the bank still won't give you a loan for the investment property.

[Jim Wineinger]

This is very true. But in todays economic climate the dti ratio guidelines will require a low income worker to save more physical downpayment money than others would just because his income is low and income is one of the factors in DTI. Debt to income ratio.

If he can put a downpayment down that is enough to bring his debt down to a level that is under the DTI ratio guidelines, then he will be given a loan for the rest of the monies needed to purchase his investment.

But do not forget that the DTI ratio includes ALL debt, not just the loan being asked for.