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Updated over 7 years ago,
Bartender Problems... Looking for Lending Advice!
Reaching out for advice or suggestions... So I am currently wrapping up my first fix and flip (foreclosure house I bought at the right place/right time) and have become extremely interested in real estate investing. I make a fair amount of money as a manager/bartender; however, I can only base my income off of my hourly wage and anyone that has ever been in the serving/bartending industry knows that the tips are where you truly make your significant income.
And there lies my issue.
I have multiple properties that I am finding which have great potential of returning a profit, but I cannot receive a conventional loan or any loan for that matter where my approval is based on my income.
Has anybody ran into this issue? Or does anybody have advice as to which path I should take at this point? Any feedback would be greatly appreciated. Thank you in advance!