Starting In Real Estate
I am just now into real estate, doing a lot of reading and questions. My question is; I have a first time home buyer loan on my home that I bought for my house last october. What is the best way to get financing when you already have a loan.... I am assuming that I am currently overextended. Any ideas?
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If you are currently overextended, you will not receive a loan due to DTI ratios. If you are overextended, you shouldn't be getting a loan because you stand a good chance of defaulting on the loan.
If you want to get into REI and you lack the credit or cash, look into a method like "subject to" or "wholesale" REI. I won't go into explaining it, since you can search through the forum and come up with hundreds of articles and explanations.
-Chris
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