Using FHA loan for 2-4 unit property + Leverage RE Agent Comish.

[Ryan Verbist]

Hello Bigger Pockets, 

It has been a while since I posted in here. I am posting to see if anyone has any tips / guidance with this particular situation. I just got my real estate license and have been working for a luxury home builder in Manhattan Beach, CA doing construction for the last year. 

I am looking to leverage my real estate agent commission along with an FHA loan to get into a multi unit residential building for the least amount of money down so that I can use my available cash to remove tenants and fix/flip the property. (BRRRR)

I am currently fixing my credit which might be an issue for additional constructions loans, etc. 

The area of Los Angeles I am looking to buy is: Venice, Mar Vista, Culver City, Del Rey, and Playa del Rey.

Other notes: My current brokerage only takes a 5% fee from my RE commissions, I have access to extra money through friends and family if I really need it, I also have taken on a lot of risks in other businesses not RE related so I don't mind being very under leveraged temporarily when most people might think this is crazy. My mentor at my brokerage is also on vacation for the month which is why I am posting here for some immediate advice because I am very eager to jump in while a lot of people are scared.

Lastly, some people might say I won't be able to get this done, however, I can be very resourceful in finding ways to make things happen. I am also really excited to dive into the Real Estate business despite the current market conditions / future predictions.

Thanks again. Any tips or comments would be greatly appreciated. 

Ryan