Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
First-Time Home Buyer
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

11
Posts
6
Votes
Matthew Araujo
6
Votes |
11
Posts

Best way to buy your first rental

Matthew Araujo
Posted

Hi everyone! I know everyone's situation was different for purchasing their first rental. I'm currently entering my final year of college, and have been trying to get pre approved from the bank but am having some trouble. I have enough saved for the market I'm looking at, but having a part-time job won't qualify me because the bank needs to see full time employment for steady income. Should I wait until I'm working full-time, or look for other options? My mom said she'd be willing to take a HELOC on our home, so I wanted to know if anyone who has done this recommends it when starting out and some other ways you got started in real estate. Thanks!

Loading replies...