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Any real estate investors here?

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Anonymous
Not applicable

Any real estate investors here?

I've recently decided my next step is real estate investing. 

I have a very basic newbie plan.

 

Buy a duplex/triplex while living in one and renting the rest - with the help of an FHA loan. 

 

The problem... My income. 

 

What should I start doing credit wise (besides increasing my income)  to help achieve my "American dream" ? 

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StartingOver10
Moderator Emerita

Re: Any real estate investors here?

For an FHA loan, the lender is allowed to use the rental income from the other units to help qualify you to purchase if you are living in one of the units which is terrific.

Also, FHA allows you to have a non-occupant co-borrower (think Mom or Dad here if you have someone to help).

 

There are others here with more info on these programs....

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