I have about a year and a half till I have proof of stable income for two years, a few more till I have enough savings to feel safe investing.In my search to learn more I stumbled my way to BiggerPockets's youtube channel and then finally to here.

I e signed all of my documents.

You will also need a stable income to get preapproved for a loan.

Just make sure the property still cash-flows nicely, rents are stable, not in a really bad area, etc.

Secondly, if you have a mortgage on that property, it will show on your credit report, so a talented underwriter will know to look for it on your rental income schedule (Schedule E).Second of all, if you have expenses associated with your rental that you choose not to write off so it will look better to the mortgage company, this is technically mortgage fraud and yes, you can go to jail for it.The way my mortgage broker explained it to me is that they take 75% of the rental income (I don't know why - probably to account for possible future vacancies?)

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

Chris E. they measure along the slope, not on a level plane.

Why wouldn't they just pull from your Sch E like RITA does?

Hi my name is jeremySo recently ive stumbled across bigger pockets and am trying to learn how to get started in the real estate investing world Its always been a passion and dream to do this even as a kid but i didnt think it was possible without large amounts of capital i see now that there are other ways tho i am not fully aware and understanding themSo let me start with an introduction hi im jeremy, im a plumbers apprentice and actively saving , currently i live at home after moving back when the whole rent and live with roommates thing didnt work and i felt like i was not getting anywhere paying rent vs paying payments on a loan , ive got a few thousand right now and am in a odd spot as i dont know if i should stop putting money away for a loan payment and buy a car ( i lost mine due to black ice and insurance didnt cover) i dont necessarily need it to work but i think it will be needed to look at potential properties when im getting ready to pull that triggerAnyways my plan when i first started my job was to just get fully licensed in plumbing and once i have it i would be knowledgeable enough to do most if not all plumbing repairs in any property thinking it would be saving me thousands of dollars when/if i needed to do any type of repair to the unit or its water/heating systems vs paying for it, granted as i get more and more property ill doubt ill still be interested in doing it but i figured its a good stable job to start with and i could always fall back on if needed.

This is why, despite construction industry's notorious swings, I have been able to have a stable career to invest in two rentals, and working on more.