You need to speak with an experience real estate agent and a mortgage professional to get those questions answered.

You should select a professional buyer agent and the agent will recommend a mortgage loan officer for the needed pre-approval for the financing.

You should contact an agent in the area in which you wish to invest for guidance. The agent can connect you with a mortgage professional who can answer all financing questions and approve you for a mortgage if possible.

Good luck!

Get pre-approved with Jason E. Gordon and then call me to buy that hjome here in San Diego, CA. Need a referral to an agent elsewhere, contact me I can help.

Nina Hollander has the best advise for you.  Good luck.

You need a good real estate agent in your area AND a great mortgage professional who can answer your questions and determine if you qualify for a loan based on your income and cash,  and for how much.

Give me a call and we can discuss some options.

Eddie Rios - align yourself with a great real estate agent in your market and that agent "should" have a lender than can help you. 

The first step is to find an experienced licensed mortgage broker in your state.

Eddie, there are many ways.

If you are willing to place a down-payment equal to 50% of the price,there are many more ways.

However, you have not proven yourself worthy of the details. Stop tne Anonymous BS and you might get to respond to the right questions thatwill result in actionable responses.

a well-versed agent and mortgage officer is what you need...along with a name and photo....

If your income doesn't justify it, it's not likely you can borrow money to purchase an investment home.

You need to talk to a traditional lender and get prequalifed, they will tell you if they will make the loan.  You can also talk to a lender who does investment type loans (hard money and rentals)

No idea.

Those are questions for your lender (banker or mortgage broker) to answer. Once you know if you qualify and the amount, contact a Realtor to help you find the right property.

Contact a reputable lender that can give good advice. If you can't afford it, wait until you can.

Many good responses.

Good luck. We are not in banking industry.

Sounds to me like you need a hard money lender. If you have enough money to come in with half, your terms aren't going to be that attractive but once your property is generating income then in a few years you should be able to refinance it.

Keep at this seeking, asking and knocking and the answer will appear

Best of luck.

Contact a seasoned agent in your area, and they will be able to guide you in the right direction.

Use should have lots of money so pay cash.

Lots of options depending on the property and the current owner

Owner held financing

if you have enough money to put down some lenders are more open to lending even without income verification... most often though many use hard money lenders for this more information would be needed to say what other options are possible and right for you... find a great buyers agent that has a lot of experience and works with investors

Choose the location where you want to invest in a second home, then align yourself with a great local agent and lender.

Get a confirmation from a lender for how much you can/want to spend for your second home, find a home that fits your criteria, buy it. Repeat if necessary.

You'll want to talk with a agent in your market place.  Preferably one that specializes in investment properties and property management.  They should be able to set you up with a good lender that can help answer some of these questions.

The logical first step in the homebuying process is to get Pre-Approved for a mortgage loan. While that might sound self-serving coming from a Lender, I wholeheartedly stand by that statement (regardless of which Lender you choose to work with). It doesn't matter if the "subject property" home will be your Primary Residence, Second Home or Investment Property...the Pre-Approval should still come first before any shopping is done. 

If any Real Estate Agents are writing (or heaven forbid accepting) offers without a solid Pre-Approval Letter in place, you are playing a dangerous game of Russian Roulette, while endangering your Client and your own professional reputations (not to mention wasting valuable time that you will never be able to recapture).

As far as this particular scenario, this sounds more like an Investment Property purchase (as there is a desire to utilize some of the "rents received" to offset the new mortgage payment for qualification purposes). The "good amount for a down payment" might be helpful in this instance.

I would be happy to take a look if/when desired.  You are welcome to call me at 619-200-8031 or email jgordon@amerifirst.us 

Either way, I hope the general information above is helpful to get you on the right track. It goes without saying that Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D has got you covered in San Diego, and his nationwide Realtor network definitely can seek your best interests in other parts of the country.  Good luck, and thank you for posting this question!

Higher a good buyer agent. Get pre approved for a mortgage. KNOW up front what you can or can not buy, what the dpwn payment is and such. WIth an investment property they can cound most of the rent towards your income. 

Shore or Mountains ????

speak to a loan officer first. 

Seek the advice of a lender firsst - qualifying for a second/investment home, your income & expenses and cash-on-hand will all be taken into consideration.

THEN, reach out to a real estate professional in the area in which you're interested in purchasing real property.

Anonymous, how can an agent help you if they do not where you are located.  A