New to Investing

[Billy Rowe]

Hello all!!

I’m 100% new to all of this so new in fact that I don’t plan on Investing for another year or so. What I want to do is buy a single family, and rent it out. I’m looking to start small and build up slowly. The problem I think I will run into is financing. Me and my wife have good income now (200K per year) but when we were in college we struggled and got behind on a lot and now our credit is poor. I realize I need to at least pull together 20% which isn’t the problem the problem is financing the rest. How hard is it to get Investment loans for the rest of the mortgage? I already own my own home, but was wondering if they look at investment loans different.

Thanks!!