Quote:
Originally Posted by Goethe
If you can, purchase the first property outright. Once it's rented, the rent is counted as actual income and will help towards approval for the next mortgage with 20% down. You mention a failed printing business, if you have no reliable income, you may struggle to get any kind of mortgage, unless you put up your principal residence as guarantee.
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I am fucked in hell six ways into sunday and all of the other days sideways right into the lowest depths and filthy pits of all hell. But that won't stop me- I'll find a way.
At the speed I have myself going I'm sure the first couple will have to be hard money. FFS. Is hard money still 80/20?
What about these no doc loans fuckhole was blathering about? Are those the same thing stated use to be? Those would be useful about now