getting a home equity mortgage as a 21 year old recent college grad?Hello all, I have a question concerning my chances of getting a mortgage in Omaha, Nebraska.I am 21 and recently just got out of college. I own a home, a small one worth maybe 120k bought outright from the part time job / small tech biz I have in the last few years that is used as my investment property leased out. I have never had a real job, but my credit score is in the mid 700 range for all this time I had my own card for the last 3 years.Here's my question:1) I am not planning to get myself employed anytime soon, one of my startups has been expanding rather quickly and the income I had been getting is approaching 6 figures. Am I going to have to go with no-documented loans which I had been reading is just not happening right now?2) I have my current house that I would like to get some money, any money, out for a 2nd investment property. It is appraised at 180k and to be honest I want to get just a fraction out (20%-40% is something I'd settle for, anything more is fantastic.) What ways of financing can I go thru if I want to pick up a 2nd property using a HELOC? Also, are they going to look at appraised values much? sidenote: I can provide lease agreements to indicate that I'd structure my mortgage to cashflow neutral to positive.3) I plan on being an active real estate investor at the moment (the buy and hold type, as I plan to have the rental income to support me down the road when I am done with being entrepreneur). Is it hard for self employed/ small business owners to get loans these days? I read a bit about it and it seems mortgages favored the employed rather the employers, what ways are there I can work on to start building some loan capacity?Many thanks!-KavJanuary 14 2010 - Omaha00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.