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Updated over 18 years ago on . Most recent reply

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How to get my first investment house?

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I am new to the site, been reading for awhile now and thought I would ask for some advice to try to get my 1st house to fix and flip, most likely as an owner occupant. I recently started my own business, but don't really have provable income at this time and what I do make can be incosistent at times. While I have good credit, I have quite a bit of debt due to business start up, school loans, etc... My fiance has a good paying job and Excellent credit, but even by her self we wouldn't be able to qualify for the type of "starter" home we want. What I would like to do is to get into a house in a desirable location and fix it up for resale to generate some extra cash. The going rate for houses that I would like to look at is between $110-120K, and with just her provable income we could probably qualify for close to $90K but also don't have a lot saved up for a down payment. Any advice would be great, if I left anything out of the equation, please let me know.

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