One of the top reasons people who people who hear a solid plan of how to get into real estate are hesitant, is worry that nobody will apply to live in their property or that they’ll get stuck in a cycle of tenants that stop paying. This is understandable because people hear horror stories orContinue reading “Why the “What if I Can’t Find a Renter?” Fear is Completely Unfounded”
Author Archives: abounyc
What if I Don’t Have Two Year Work History to Show the Bank?
There is a lot of information out there to suggest that you have to have two year work income in order to qualify for (low down payment) mortgage; that however is somewhere between over simplification and misinformation. The banks want to see stability to be reasonably sure the mortgage will be paid and there areContinue reading “What if I Don’t Have Two Year Work History to Show the Bank?”
What if I’m Not a Citizen or Permanent Resident?
Some non-permanent residents can purchase a home with low down payment mortgages, which for the good of the American economy overall, are backed by the federal government.