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Updated over 2 years ago,
Best way to buy your first rental
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!