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Updated over 4 years ago on . Most recent reply

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Joseph Cameron
  • Specialist
  • Brooklyn, NY
10
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67
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Small Business, Low Income & No W2 - Where To Next?

Joseph Cameron
  • Specialist
  • Brooklyn, NY
Posted

My GF and I own a growing online fitness business that is currently breaking even. Our goal over the next 90 days is to take on a cash flowing asset to start paying off our biggest liabilities. Growing my business is our biggest priority but RE is a hobby that I work on after hours and can't wait to get started on. I'd love some ideas on how others got started in a similar situation!

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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
13,018
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4,913
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Mike Dymski
#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied

One or both of you may need to get a job; otherwise, financing is an issue.  You can purchase properties using owner financing or private capital but that's a job as well and many private lenders/investors will expect a track record.  Investing in real estate with limited capital/borrowing capacity is an uphill battle.

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