No income but plenty of assets and can't qualify for a 198K loan

Posted in Latest Jobs
No income but plenty of assets and can't qualify for a 198K loan

Hi BiggerPockets,I am looking to buy a duplex for $198K plus minimal closing costs. I have already put in a bid for the duplex but the loan agent cannot get me a loan with decent terms. The agent is now asking me if I want to pay cash for the duplex. I do not want to touch my retirement account but I could get say 2 - 3 % and at least have some income. Please advise as I'm not sure if I should go ahead and pay cash for the duplex (then I wouldn't have any more $ for any more deals).

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