No income, what to do??

[Jaron Smith]

Hey Everyone,

So I'm in a tough position here, I have recently been laid off of my union construction job and I am trying to figure out how I can invest in real estate with no current income and little savings.. I own one apartment building but it is not enough for me to have no additional income obviously.. 

I have thought about a few different paths, I could wait until work picks back up in the area and continue saving and continue buying rental properties over time, but I am not crazy about that industry, although it pays fairly well. The other option I've been thinking is to take the classes necessary to obtain my real estate license, become a licensed realtor and earn my w-2 income this way while still continuing to save and purchase rentals over time. 

Would it be irresponsible of me to try to obtain a HML for some cash flowing multiplexes?

I look forward to hearing from anyone who took the time to read this!

Thank you,

Jaron