Low Income - Good Credit

This is what my situation will be like in one month. I will have money saved from profit of 1st home sale. work part time and make just enough to cover living expenses. no debt at all. i will be out of this home (in escrow) and temporarily renting until i find my next deal. fico score over 700 last time i checked. how much of an issue will my income be when i try to buy my next house. my goal is to own multiple properties with positive cash flow and that will be my new career. will i have to put more down payment and/or pay higher interest rates due to low income. Thanks.

Comments(1)

  • ray_higdon24th February, 2005

    I would call around and talk to the "we buy houses" guys and see what they are willing to pay.
    [addsig]

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