Lending options for newly self employed

[Karandeep S. Brar]

Hi everyone,

I am new to real estate investing and just became a pro member on BP! I have been trying to learn as much as possible and came across something that a realtor mentioned to me.

I am newly self employed so I was told since I do not have a history of income, it would be impossible for me to get a conventional loan. Ideally, I am hoping to find a property to BRRRR but at the same time since I am new to real estate investing I was thinking a more conventional loan and property would be better.

What does everyone think about a new real estate investor in my position? Should I continue to focus on finding a BRRRR or look for a cash flowing property that I could attempt to get a conventional loan; however, it seems that could be difficult for me at this time.

Thanks for the help!