Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

10
Posts
3
Votes
Chris Anderson
  • Realtor
  • Melbourne, FL
3
Votes |
10
Posts

Taking the Leap. All advice welcome!

Chris Anderson
  • Realtor
  • Melbourne, FL
Posted

Hi everybody! I'm Chris Anderson, a new investor in Florida. Been watching and learning from the sidelines through mentorships, watching BP podcasts, and now about to finish my education for my real estate licensure here in FL. I have been setting aside money to invest with and I have milestone goals set. I promised myself I'd check off the first one with buying my first property this year. Here goes nothin! 🥳

I am self employed and I've been setting aside money to invest with for the past couple years. I have about 10k liquid that I can comfortably deploy. My main stumbling block seems to be funding. I had initially planned to house hack starting in January this year but being self employed sort of stopped me doing that because I didn't show enough income to qualify for a conventional or FHA loans. Im aware that for investor loans typically I'd need to have 20% or more down. Tried wholesaling for a while to get the capital but seemed very counter intuitive since I was spending more money and time than I was making, just to gain traction and I was selling all of the good deals 🤷‍♂️

That said, does anybody have any tips on how to overcome this obstacle? 

I know there is a way because I've heard the stories about people getting started with less than I have. 🤔

Loading replies...