All Forum Posts by: Karsen Wynn

Hey guys I am currently a full time student at Auburn University who has a strong interest in REI (have been studying REI for over a year now) I need full financing in order to buy my first rental property. I have already been informed (on BP) that I can probably get a sub-prime loan, or get a mortgage with one of my parents co-signing. However like I said I have no money... So is it possible to even find a deal that will cash flow any kind of positive number or at least break even after paying all the money I will owe to my lender and my investor (down payment)? If so how would you structure the cash flow?

yeah your right @Jeff Dulla thanks for the feedback! I think the biggest problem is finding a rental deal that would support a positive cash flow under that financing 

@Jeff Dulla so a sub-prime mortgage? I'm sure those interest rates are sky high. Thanks for the reply btw! 

I am currently enrolled at Auburn University and I am looking to strike up my first rental deal. I have no income by I have an investor who will put the money up for a partnership I have structured. My partner will put the money up and I will take out the mortgage and manage. I just need to know if I can get that mortgage ($50,000-$90,000) with no income, or would it be better if I just got a part time job for 2 years in order to show income and financial history. Thanks!