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Free minder
Join Date: Nov 2001
Location: Middlessex county, MA
Posts: 9,422
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I wonder If banks will loan the money to a college student for buying a rental property. Even if he as the cash for downpayment, doesn`t he also need proof of steady income to afford a loan?
Can you use future rental income as income guarantee to secure a loan? Unless of course the loan is in the name of the parents. Just a thought.
Aurel
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