Guys I'm thinking about buying a house and renting it out,

>>1939674
Banks don't usually give loans for rental properties to people that don't own the house they live in.

either way to get a loan for a rental will very likely require much better credit and down payment than you have. Depends where you live though.

You could probably get a loan for a house to live in though. Assuming your debt isn't too high.

>>1939674

Whatever you do, do not go for an adjustable interest rate, even if that is all they offer you. You will get screwed.

> You could probably get a loan for a house to live in though. Assuming your debt isn't too high.

I have no debt. Okay but I can live in the house and rent out rooms right?

>Depends where you live though.

This is the real kicker I live in NYC.

Never fucking buy property, if you do the math you will realise its a bad investment. Invest you money in REITS or something if you want to invest in the real estate market.
Unless its in a prime location for airbnb business. And the numbers check out.

>>1940254
Start looking in jersey.

>>1940254
Airbnb to rent out rooms and overcharge people

>>1939760
Can you buy the house and not tell the bank you're going to rent it out?