Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago, 04/08/2022

User Stats

3
Posts
0
Votes
Bryan Zdroik
0
Votes |
3
Posts

Carpenter looking to go rogue

Bryan Zdroik
Posted

I'm a carpenter who's looking to branch off into the flip/real-estate game, but am not sure exactly what route would be the best for me to take. My wife and I bought a house over 2 years ago and I'm nearly done with all the renovations (hopefully by mid to late summer). Our goal is to refinance (tons of sweat equity) our house and use that money to buy our next home and then rent or sell our current house for yet another place. But I have 2 hold-ups 1) we're about to have a baby (end of August) and 2) I'm working full time as a carpenter and am definitely not as productive on our house when I get done with work. I still have redo our siding, do a bathroom remodel and put in a new, but small, front entry deck. Since I get my insurance from my wife and I don't make much money anyway, especially when you take inflation into account, starting my own business seems more and more like a possibility.  I figured I could use the new flip as a way of showcasing my work (via YouTube/Instagram) as well as give me the flexibility to take on the jobs I want, instead of feeling pressured to take every job I can. But if I did this I'd have a real difficult time getting a bank loan since I'll be throwing my W2 to the curb. Does anyone know a way to still make this work? I forgot to mention I'm about to re-up my contractors certificate. There's so much more I could share regarding this, but this at least gets the ball rolling. Hope all are well and sorry for how rambly this is, clearly I got lots on my mind. Thanks!

Loading replies...