I don't have any money for down payments, my income is low, (about 3,500 per month), my credit score is low, and I'm in the process of selling my home in a short sale. I want to create this cash flow as a means of supplement income and then eventually my main source of income. Is this doable?
How can I start investing in realestate so I can create a cash flow?
REITS are traded on the stock exchange and they give dividends
Reply:"How can I start investing in realestate so I can create a cash flow?"
You have been watching too many info-mercials.
They find most of those people are lying when talking about doing such as the zero down. And currently NO banks are loaning money zero down.
And if you are losing your home, why would people loan you money if you can't pay?
Reply:You may have to wait a bit, but don't worry, housing prices will probably drop some more.
I suggest buying a rental unit and living in it. Your tenants can pay your mortgage-or at least most of it. Research the tenant-landlord laws in your area as well as financing options and prices of multi-unit homes.
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