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Updated over 2 years ago on . Most recent reply

User Stats

72
Posts
28
Votes
James Robert
  • Flipper/Rehabber
  • Cincinnati, OH
28
Votes |
72
Posts

How do i scale without this barrier...

James Robert
  • Flipper/Rehabber
  • Cincinnati, OH
Posted

Hey guys 

I am a realtor for about a year now, I got my first house 8 months ago which I am slowly rehabbing. I saw a condo i wanted, tried to get approved and I cant until i hit the 2 year mark and my income is not enough to make underwriters pass me for one year even if i wanted to put 20% down. Am I going about this all wrong? I want to heavily invest in real estate, however my income varies. Should I put buying properties on the back burner until I find a way to start making more traditional income? I feel as though I am fighting an uphill battle here without making good money at my job... I do good but doesn't seem to be enough for what I want to do in real estate.

Advice?..

Thanks

Most Popular Reply

User Stats

1,227
Posts
1,082
Votes
Joe Norman
  • Investor, Realtor
  • Baltimore, MD
1,082
Votes |
1,227
Posts
Joe Norman
  • Investor, Realtor
  • Baltimore, MD
Replied

Its hard to "invest heavily" in real estate if you don't have disposable income to invest. Double down on your lead generation to build up your Realtor business and then invest the extra money you'll be making. 

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