Quitting day job and need funds

[Jason H.]

I am currently finishing up a successful flip and own my primary home. I really have enjoyed the flip process and would like to continue with them. The overall goal would be to flip until I earn enough cash for a down payment on a rental, purchase rental, then continue flipping and purchasing rentals. The downside of this flip is I still have my full time day job, and this flip has been eating up every second of personal time that I have. I really want to leave the day job behind but am curious how I attain a mortgage for these flips without a job or 2 years tax returns showing capital gains income (not even sure if that will qualify?) I will have down payment and improvement money. What are my options? Hard money loans only? Form LLC and get commercial loan? Would this require 2 years returns? Thanks in advance for any input.

[Stanley Parsley]

im in the same boat

credit credit credit

youll have to have a way of showing income for any conventional mortgage

even the corp has to show income for business trade lines

the only way to pull out of the w-2 is create your own company and be paid as an employee then you still have a w-2 income

other wise you are doing HMLending which works as long as the deal makes you an income

good luck

enjoy