We have access to $100k but no income. How can I start?

[Kevin Ellerton]

Hi all! N00b investor here.

My partners and I want to get started with a career in BRRRR.

We have access to around $100k of cash between us, and good credit, but none of us can show substantial income on tax returns.

We are located in NY and Miami - expensive markets. $100k won’t even buy a distressed property let alone give us capital to fix it.

We want to get an FHA loan or something to give us leverage but I'm worried that without income we won't qualify for a loan.

What can we do to get started in BRRRR? Is there a loan we can qualify for without income? Is there any way we can qualify for FHA?