Posted by Ed Garcia on February 05, 2001 at 15:56:41:
I disagree with you. I don’t see you as unemployed, but as self-employed. As you yourself have stated, “I want to spend full time in real estate investing. In addition to having 100% equity in the rental I also have some cash”.
Scott, it sounds to me like you know what you’re doing, and what you want to do. There definitely loan programs available for you. You can either do some deals with 10% down + closing cost of your own money, or with a combination of seller carry-back with 5% of your own money in a deal. If you think this might interest you, you can call me at (909) 944-0199 and we can discuss this in detail after I ask you a few questions.